Watches of Switzerland Group (LON:WOSG) Given Sector perform Rating at Royal Bank Of Canada

Key Points

• Watches of Switzerland Group's stock received a "sector perform" rating from Royal Bank Of Canada, with a target price of GBX 375, indicating a potential upside of 0.97%.
• Jefferies Financial Group and Deutsche Bank both upgraded the stock's rating to "buy," suggesting prices could reach GBX 440 and GBX 450, respectively.
• As of Monday, the company's shares opened at GBX 371.40, reflecting a 3.4% decrease in value.

Watches of Switzerland Group (LON:WOSG - Get Free Report)'s stock had its "sector perform" rating reiterated by investment analysts at Royal Bank Of Canada in a research note issued on Monday,Digital Look reports. They presently have a GBX 375 target price on the stock. Royal Bank Of Canada's target price suggests a potential upside of 0.97% from the stock's previous close.

Several other equities analysts also recently issued reports on the stock. Jefferies Financial Group restated a "buy" rating and issued a GBX 440 price objective on shares of Watches of Switzerland Group in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft upgraded Watches of Switzerland Group to a "buy" rating and set a GBX 450 price objective for the company in a research note on Tuesday, September 2nd. Finally, Shore Capital restated a "no recommendation" rating on shares of Watches of Switzerland Group in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 421.67.

Watches of Switzerland Group Stock Down 3.4%

Shares of LON WOSG opened at GBX 371.40 on Monday. The business has a 50-day moving average of GBX 352.42 and a two-hundred day moving average of GBX 369.77. The company has a market capitalization of £854.90 million, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. 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 current ratio of 1.95 and a quick ratio of 0.48.

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.

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