Shore Capital Reaffirms No Recommendation Rating for Watches of Switzerland Group (LON:WOSG)

Key Points

• Shore Capital has reaffirmed a "no recommendation" rating for Watches of Switzerland Group (LON:WOSG), indicating no change in their investment stance on the stock.
• The stock price of Watches of Switzerland Group increased by 7.1% on Wednesday, opening at GBX 341.42.
• The company reported a quarterly earnings per share (EPS) of GBX 41.60, with a net margin of 3.84% and a predicted EPS of 42.74 for the current year.

Shore Capital reissued their no recommendation rating on shares of Watches of Switzerland Group (LON:WOSG - Free Report) in a research report report published on Wednesday morning, Marketbeat Ratings reports.

Watches of Switzerland Group Trading Up 1.5%

Watches of Switzerland Group stock traded up GBX 5.20 during trading on Wednesday, hitting GBX 350.80. The company's stock had a trading volume of 35,220,938 shares, compared to its average volume of 1,562,377. The stock has a market capitalization of £807.48 million, a price-to-earnings ratio of 1,545.37, a P/E/G ratio of 1.56 and a beta of 2.17. The stock's fifty day moving average is GBX 351.65 and its 200 day moving average is GBX 388.79. Watches of Switzerland Group has a 1-year low of GBX 315 and a 1-year high of GBX 600. The company has a debt-to-equity ratio of 109.69, a quick ratio of 0.48 and a current ratio of 1.95.

Watches of Switzerland Group (LON:WOSG - Get Free Report) last announced its quarterly earnings results on Thursday, July 3rd. The company reported GBX 41.60 EPS for the quarter. Watches of Switzerland Group had a return on equity of 11.38% and a net margin of 3.84%. As a group, equities research analysts predict that Watches of Switzerland Group will post 42.739726 EPS for the current 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 UK, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering.