Watches of Switzerland Group (LON:WOSG) Price Target Raised to GBX 520 at Royal Bank of Canada

Watches of Switzerland Group (LON:WOSG) had its price target boosted by Royal Bank of Canada from GBX 500 ($6.32) to GBX 520 ($6.58) in a report released on Tuesday, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Watches of Switzerland Group from GBX 420 ($5.31) to GBX 435 ($5.50) and gave the company a hold rating in a research report on Friday, June 28th. Citigroup reissued a buy rating and set a GBX 440 ($5.57) price objective on shares of Watches of Switzerland Group in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of GBX 493.75 ($6.25).

Watches of Switzerland Group Stock Up 3.2 %

WOSG stock opened at GBX 421.40 ($5.33) on Tuesday. The company has a current ratio of 1.69, a quick ratio of 0.48 and a debt-to-equity ratio of 102.29. The company’s 50 day moving average is GBX 383.18 and its 200 day moving average is GBX 431.17. The stock has a market cap of £1.01 billion, a price-to-earnings ratio of 928.18, a price-to-earnings-growth ratio of 1.11 and a beta of 2.07. Watches of Switzerland Group has a 1-year low of GBX 324 ($4.10) and a 1-year high of GBX 789 ($9.98).

Watches of Switzerland Group Company Profile

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services.