Watches of Switzerland Group (LON:WOSG) Shares Down 0.6% - Here's Why

Key Points

• Shares fell 0.6% to GBX 446.40 on Friday, with volume of 3,908,335 shares — a 94% increase versus the average session, indicating unusually heavy trading.
• Deutsche Bank raised its price target to GBX 550 and issued a Buy rating; the consensus remains a Moderate Buy with a GBX 455 target.
• Insider Chabi Nouri bought 2,500 shares at GBX 515, while the company has a market cap of £1.03bn, a P/E of 15.08 and a debt-to-equity ratio of 107.4.

Shares of Watches of Switzerland Group plc (LON:WOSG - Get Free Report) fell 0.6% on Friday . The stock traded as low as GBX 442.22 and last traded at GBX 446.40. 3,908,335 shares were traded during mid-day trading, an increase of 94% from the average session volume of 2,019,502 shares. The stock had previously closed at GBX 449.20.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Watches of Switzerland Group from GBX 450 to GBX 550 and gave the stock a "buy" rating in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 455.

Watches of Switzerland Group Stock Performance

The business has a 50 day moving average of GBX 490.18 and a 200-day moving average of GBX 443.79. The company has a market capitalization of £1.03 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.87. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.48 and a current ratio of 1.96.

Insider Activity at Watches of Switzerland Group

In other news, insider Chabi Nouri bought 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were acquired at an average price of GBX 515 per share, with a total value of £12,875. Company insiders own 4.47% of the company's stock.

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 and US 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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