Watches of Switzerland Group (LON:WOSG) PT Lowered to GBX 425 at Royal Bank of Canada

Posted by Doug Wharley on Apr 26th, 2024

Watches of Switzerland Group (LON:WOSG – Free Report) had its price objective lowered by Royal Bank of Canada from GBX 475 ($5.87) to GBX 425 ($5.25) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Citigroup restated a buy rating and issued a GBX 440 ($5.43) price target on shares of Watches of Switzerland Group in a research report on Tuesday. Barclays restated an overweight rating and issued a GBX 580 ($7.16) price target on shares of Watches of Switzerland Group in a research report on Friday, February 9th.

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Watches of Switzerland Group Stock Down 6.1 %

Shares of LON:WOSG opened at GBX 334.20 ($4.13) on Tuesday. The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69. The company has a market cap of £800.64 million, a PE ratio of 759.55, a price-to-earnings-growth ratio of 0.82 and a beta of 2.09. Watches of Switzerland Group has a 52 week low of GBX 324.80 ($4.01) and a 52 week high of GBX 899.50 ($11.11). The firm has a 50 day simple moving average of GBX 374.51 and a 200 day simple moving average of GBX 492.46.

Insider Buying and Selling at Watches of Switzerland Group

In related news, insider Ian Carter acquired 50,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of GBX 377 ($4.66) per share, for a total transaction of £188,500 ($232,831.03). Company insiders own 4.53% of the company’s stock.

About Watches of Switzerland Group

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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.