Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) shares saw an uptick in trading volume on Wednesday . 175,727 shares were traded during trading, an increase of 84% from the previous session’s volume of 95,452 shares.The stock last traded at $12.35 and had previously closed at $12.66.
Analysts Set New Price Targets
Several brokerages recently weighed in on SWGAY. Royal Bank Of Canada raised Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Zacks Research raised Swatch Group to a “hold” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Swatch Group currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on SWGAY
Swatch Group Stock Performance
About Swatch Group
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.
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