Watches of Switzerland Group (LON:WOSG) Shares Up 2.2% - What's Next?

Shares of Watches of Switzerland Group plc (LON:WOSG - Get Free Report) rose 2.2% on Tuesday . The stock traded as high as GBX 456.60 ($5.90) and last traded at GBX 451.10 ($5.82). Approximately 28,956,801 shares traded hands during mid-day trading, an increase of 1,274% from the average daily volume of 2,107,365 shares. The stock had previously closed at GBX 441.60 ($5.70).

Analysts Set New Price Targets

WOSG has been the topic of several analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 575 ($7.42) price objective on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Shore Capital reiterated a "not rated" rating on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Watches of Switzerland Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 480 ($6.20).

Watches of Switzerland Group Stock Performance

The firm has a market capitalization of £1.07 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The stock has a 50-day moving average of GBX 505.33 and a 200 day moving average of GBX 484.04. The company has a debt-to-equity ratio of 109.69, a quick ratio of 0.48 and a current ratio of 1.95.

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, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Hodinkee (US) and Analog:Shift (US) with a complementary jewellery offering.