Stifel Nicolaus Reiterates “Hold” Rating for Watches of Switzerland Group (LON:WOSG)

Watches of Switzerland Group (LON:WOSG)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a report released on Wednesday, MarketBeat reports. They currently have a GBX 430 ($5.65) price target on the stock. Stifel Nicolaus’ price target points to a potential upside of 13.10% from the company’s previous close.

Several other equities research analysts also recently commented on WOSG. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a research report on Tuesday. Royal Bank of Canada increased their target price on Watches of Switzerland Group from GBX 500 ($6.57) to GBX 520 ($6.84) and gave the company an “outperform” rating in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Watches of Switzerland Group from GBX 420 ($5.52) to GBX 435 ($5.72) and gave the company a “hold” rating in a report on Friday, June 28th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 ($5.79) price objective on shares of Watches of Switzerland Group in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 474.17 ($6.23).

Watches of Switzerland Group Price Performance

LON WOSG opened at GBX 380.20 ($5.00) on Wednesday. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. Watches of Switzerland Group has a 1 year low of GBX 324 ($4.26) and a 1 year high of GBX 728 ($9.57). The company has a market cap of £910.85 million, a PE ratio of 1,520.80, a PEG ratio of 0.98 and a beta of 2.16. The stock’s 50-day moving average price is GBX 396.76 and its two-hundred day moving average price is GBX 385.18.

About Watches of Switzerland Group

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.