Watches of Switzerland Group (LON:WOSG) Given “Buy” Rating at Jefferies Financial Group

Watches of Switzerland Group (LON:WOSG)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 440 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 28.86% from the company’s previous close.

Watches of Switzerland Group Stock Performance

Shares of LON:WOSG traded down GBX 14.50 during midday trading on Friday, hitting GBX 618.50. The stock had a trading volume of 4,658,476 shares, compared to its average volume of 2,164,027. Watches of Switzerland Group has a 1 year low of GBX 316.20 and a 1 year high of GBX 633. The company has a current ratio of 1.96, a quick ratio of 0.48 and a debt-to-equity ratio of 107.40. The stock has a 50 day moving average price of GBX 492.09 and a two-hundred day moving average price of GBX 480.27. The company has a market capitalization of £1.43 billion, a PE ratio of 20.90, a P/E/G ratio of 1.56 and a beta of 1.80.

Insider Activity at Watches of Switzerland Group

In other Watches of Switzerland Group news, insider Chabi Nouri purchased 2,500 shares of Watches of Switzerland Group stock in a transaction dated Thursday, February 26th. The stock was acquired at an average cost of GBX 515 per share, with a total value of £12,875. 4.47% of the stock is owned by corporate insiders.

Watches of Switzerland Group Company Profile

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK and US comprising eight prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Deutsch & Deutsch (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering. Since 8 May 2024, the Group has also owned the exclusive distribution rights for Roberto Coin in the USA, Canada, Central America and the Caribbean.