Watches of Switzerland Group (LON:WOSG) Hits New 1-Year High – What’s Next?

Watches of Switzerland Group plc (LON:WOSG) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 747 and last traded at GBX 738.06, with a volume of 1959094 shares trading hands. The stock had previously closed at GBX 729.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price objective 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 target price on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Watches of Switzerland Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 546.67.

Watches of Switzerland Group Stock Up 0.9%

The firm has a market capitalization of £1.70 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.56 and a beta of 1.85. The company has a fifty day simple moving average of GBX 648.84 and a 200 day simple moving average of GBX 542.75. 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.