Watches of Switzerland Group (LON:WOSG) Trading Down 14.7% – What’s Next?

Shares of Watches of Switzerland Group plc (LON:WOSG) dropped 14.7% during mid-day trading on Thursday . The company traded as low as GBX 358 ($4.62) and last traded at GBX 361.20 ($4.66). Approximately 2,712,027 shares changed hands during trading, an increase of 86% from the average daily volume of 1,455,272 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 575 ($7.42) price target on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 480 ($6.19).

Watches of Switzerland Group Price Performance

The company has a market cap of £824.26 million, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The company has a fifty day simple moving average of GBX 486.74 and a two-hundred day simple moving average of GBX 485.98.

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, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Hodinkee (US) and Analog:Shift (US) with a complementary jewellery offering.