Shore Capital Reaffirms “Not Rated” Rating for Watches of Switzerland Group (LON:WOSG)

Shore Capital reiterated their not rated rating on shares of Watches of Switzerland Group (LON:WOSG) in a report released on Friday morning, LSE.Co.UK reports.

Several other research analysts have also commented on WOSG. Jefferies Financial Group reissued a buy rating and issued a GBX 440 ($5.89) price objective on shares of Watches of Switzerland Group in a research note on Tuesday, September 3rd. Stifel Nicolaus reissued a hold rating and issued a GBX 430 ($5.75) price target on shares of Watches of Switzerland Group in a research report on Wednesday, September 4th. Royal Bank of Canada upped their price objective on Watches of Switzerland Group from GBX 500 ($6.69) to GBX 520 ($6.96) and gave the stock an outperform rating in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Watches of Switzerland Group from GBX 420 ($5.62) to GBX 435 ($5.82) and gave the stock a hold rating in a research note on Friday, June 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Watches of Switzerland Group has an average rating of Moderate Buy and an average price target of GBX 474.17 ($6.34).

Watches of Switzerland Group Trading Up 5.5 %

Watches of Switzerland Group stock traded up GBX 25.20 ($0.34) during midday trading on Friday, reaching GBX 481.60 ($6.44). 496,418 shares of the stock traded hands, compared to its average volume of 990,310. The firm has a market cap of £1.15 billion, a PE ratio of 1,926.40, a price-to-earnings-growth ratio of 1.15 and a beta of 2.17. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The company has a 50-day simple moving average of GBX 401.41 and a two-hundred day simple moving average of GBX 387.27. Watches of Switzerland Group has a 12-month low of GBX 324 ($4.33) and a 12-month high of GBX 728 ($9.74).

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.