Watches of Switzerland Group (LON:WOSG) Shares Down 2% - What's Next?

Key Points

• Watches of Switzerland Group's shares fell by 2% to GBX 392 ($5.27) amid significantly lower trading volume, down 74% from the average.
• Analysts have issued varying ratings; Jefferies has a buy rating with a price target of GBX 440, while Deutsche Bank also upgraded their rating to buy with a target of GBX 450.
• The company has a market capitalization of £902.31 million and significant financial ratios, including a current ratio of 1.95 and a debt-to-equity ratio of 109.69.

Watches of Switzerland Group plc (LON:WOSG - Get Free Report) shares traded down 2% on Thursday . The stock traded as low as GBX 391.60 ($5.26) and last traded at GBX 392 ($5.27). 377,690 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 1,441,811 shares. The stock had previously closed at GBX 400 ($5.38).

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 440 target price on shares of Watches of Switzerland Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Watches of Switzerland Group to a "buy" rating and set a GBX 450 price target on the stock in a report 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 445.

Watches of Switzerland Group Stock Performance

The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The company's 50-day moving average is GBX 351.67 and its two-hundred day moving average is GBX 370.32. The company has a market capitalization of £902.31 million, a P/E ratio of 1,726.87, a PEG ratio of 1.56 and a beta of 2.17.

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), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering.

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