Watches of Switzerland Group (LON:WOSG) Sets New 52-Week High – Time to Buy?

Watches of Switzerland Group plc (LON:WOSG) shares hit a new 52-week high on Monday . The stock traded as high as GBX 734 and last traded at GBX 728.25, with a volume of 1036014 shares. The stock had previously closed at GBX 712.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 440 target price on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Two research 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.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 546.67.

Watches of Switzerland Group Stock Up 1.1%

The stock has a market capitalization of £1.67 billion, a PE ratio of 24.34, a PEG ratio of 1.56 and a beta of 1.85. The firm’s fifty day moving average is GBX 590.96 and its 200-day moving average is GBX 521.36. The company has a quick ratio of 0.48, a current ratio of 1.96 and a debt-to-equity ratio of 107.40.

About Watches of Switzerland Group

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.