Watches of Switzerland Group (LON:WOSG) Reaches New 52-Week High – Time to Buy?

Watches of Switzerland Group plc (LON:WOSG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 734 and last traded at GBX 726.05, with a volume of 1568017 shares changing hands. The stock had previously closed at GBX 734.

Analyst Upgrades and Downgrades

WOSG has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price target on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Royal Bank Of Canada raised their target price on 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. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Watches of Switzerland Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 546.67.

Watches of Switzerland Group Stock Performance

The business’s 50-day simple moving average is GBX 616.45 and its two-hundred day simple moving average is GBX 530.16. The firm has a market cap of £1.68 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.56 and a beta of 1.85. The company has a quick ratio of 0.48, a current ratio of 1.96 and a debt-to-equity ratio of 107.40.

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.