Watches of Switzerland Group (LON:WOSG) Reaches New 52-Week High – Should You Buy?

Shares of Watches of Switzerland Group plc (LON:WOSG) hit a new 52-week high on Monday . The company traded as high as GBX 734 and last traded at GBX 726.05, with a volume of 1568017 shares changing hands. The stock had previously closed at GBX 734.

Analysts Set New Price Targets

WOSG has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 target price on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Royal Bank Of Canada lifted their price target on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 546.67.

Watches of Switzerland Group Stock Down 1.0%

The firm has a 50-day moving average of GBX 625.19 and a two-hundred day moving average of GBX 533.52. The firm has a market cap of £1.61 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.56 and a beta of 1.85. The company has a current ratio of 1.96, a quick ratio of 0.48 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.