Watches of Switzerland Group (LON:WOSG) Hits New 12-Month High – Should You Buy?

Watches of Switzerland Group plc (LON:WOSG)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 698.10 and last traded at GBX 698.10, with a volume of 631754 shares traded. The stock had previously closed at GBX 687.50.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price objective on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Watches of Switzerland Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 546.67.

Watches of Switzerland Group Stock Up 0.9%

The company’s fifty day simple moving average is GBX 533.31 and its 200-day simple moving average is GBX 500.12. The company has a debt-to-equity ratio of 107.40, a current ratio of 1.96 and a quick ratio of 0.48. The firm has a market capitalization of £1.66 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80.

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.