Watches of Switzerland Group (LON:WOSG) Shares Up 0.6% – Still a Buy?

Watches of Switzerland Group plc (LON:WOSG) shares were up 0.6% on Wednesday . The company traded as high as GBX 729.50 and last traded at GBX 728. 43,572,711 shares changed hands during mid-day trading, an increase of 1,519% from the average session volume of 2,691,882 shares. The stock had previously closed at GBX 724.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WOSG shares. Royal Bank Of Canada raised Watches of Switzerland Group to a “sector perform” rating and increased their target price for the stock from GBX 725 to GBX 800 in a research note on Tuesday, July 28th. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price target 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 assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 596.67.

Watches of Switzerland Group Price Performance

The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.56 and a beta of 1.87. The company’s 50 day moving average is GBX 730.36 and its 200 day moving average is GBX 605.44. The company has a debt-to-equity ratio of 87.18, a current ratio of 1.91 and a quick ratio of 0.48.

Watches of Switzerland Group (LON:WOSG) last issued its earnings results on Tuesday, July 14th. The company reported GBX 45.20 earnings per share for the quarter. Watches of Switzerland Group had a net margin of 5.42% and a return on equity of 16.31%. Research analysts forecast that Watches of Switzerland Group plc will post 42.739726 earnings per share for the current fiscal year.

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 US and UK 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.