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

Watches of Switzerland Group plc (LON:WOSG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 747 and last traded at GBX 738.06, with a volume of 1959094 shares trading hands. The stock had previously closed at GBX 729.50.

Wall Street Analyst Weigh In

WOSG has been the topic of several research reports. 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 report on Tuesday, May 19th. Jefferies Financial Group reissued a “buy” rating and set a GBX 440 price target on shares of Watches of Switzerland Group in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 546.67.

Watches of Switzerland Group Trading Up 0.9%

The stock has a fifty day moving average of GBX 648.84 and a 200 day moving average of GBX 542.75. 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 company has a market capitalization of £1.70 billion, a P/E ratio of 24.87, a PEG ratio of 1.56 and a beta of 1.85.

About Watches of Switzerland Group

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.