Jefferies Financial Group Reaffirms Hold Rating for Watches of Switzerland Group (LON:WOSG)

Key Points

• Jefferies reaffirmed its “Hold” rating on Watches of Switzerland Group, maintaining a GBX 740 price target, implying 8.35% upside from the prior close.
• Royal Bank of Canada upgraded the stock to “Sector Perform” and raised its target to GBX 800. Overall, analysts’ consensus remains “Hold,” with an average target price of GBX 696.67.
• Shares opened at GBX 683, compared with a 12-month range of GBX 340 to GBX 801.50; the company recently reported quarterly EPS of GBX 45.20, a 16.31% return on equity, and a 5.42% net margin.

Watches of Switzerland Group (LON:WOSG - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Jefferies Financial Group in a research note issued on Friday, London Stock Exchange reports. They presently have a GBX 740 price objective on the stock. Jefferies Financial Group's price target would suggest a potential upside of 8.35% from the company's previous close.

Separately, Royal Bank Of Canada upgraded shares of Watches of Switzerland Group to a "sector perform" rating and raised their price objective for the company from GBX 725 to GBX 800 in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 696.67.

Watches of Switzerland Group Price Performance

Shares of LON WOSG opened at GBX 683 on Friday. The stock's 50-day simple moving average is GBX 726.68 and its two-hundred day simple moving average is GBX 619.78. Watches of Switzerland Group has a twelve month low of GBX 340 and a twelve month high of GBX 801.50. The firm has a market capitalization of £1.58 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.56 and a beta of 1.87. The company has a quick ratio of 0.48, a current ratio of 1.91 and a debt-to-equity ratio of 87.18.

Watches of Switzerland Group (LON:WOSG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported GBX 45.20 earnings per share (EPS) for the quarter. Watches of Switzerland Group had a return on equity of 16.31% and a net margin of 5.42%. As a group, equities analysts anticipate that Watches of Switzerland Group will post 42.739726 EPS 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.

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