Watches of Switzerland Group (LON:WOSG) Sets New 12-Month Low – Here’s Why

Watches of Switzerland Group plc (LON:WOSG)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 185.69 and last traded at GBX 712.50, with a volume of 152807 shares changing hands. The stock had previously closed at GBX 717.50.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WOSG shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 price objective on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Royal Bank Of Canada lifted their price objective on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Watches of Switzerland Group has a consensus rating of “Moderate Buy” and an average target price of GBX 546.67.

Watches of Switzerland Group Stock Performance

The stock has a market cap of £1.64 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.56 and a beta of 1.85. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.48 and a current ratio of 1.96. The stock’s 50-day simple moving average is GBX 601.33 and its two-hundred day simple moving average is GBX 525.03.

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.