Watches of Switzerland Group (LON:WOSG) Stock Price Down 0.6% - Time to Sell?

Key Points

• Watches of Switzerland Group shares fell 0.6% to GBX 353.40 ($4.75) with trading volume dropping 47% compared to the average.
• Analysts have mixed ratings with Deutsche Bank upgrading the stock to a "buy" with a price target of GBX 450, while the current consensus rating remains a "buy" at an average target of GBX 512.50.
• The company reported a net margin of 3.84% and predicted earnings per share of approximately 42.74 for the current year, with a market capitalization of £813.46 million.

Watches of Switzerland Group plc (LON:WOSG - Get Free Report) shares were down 0.6% on Wednesday . The company traded as low as GBX 349 ($4.69) and last traded at GBX 353.40 ($4.75). Approximately 796,386 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 1,508,488 shares. The stock had previously closed at GBX 355.60 ($4.78).

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WOSG shares. 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 research note on Tuesday, September 2nd. Shore Capital reaffirmed a "no recommendation" rating on shares of Watches of Switzerland Group in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Watches of Switzerland Group presently has a consensus rating of "Buy" and an average price target of GBX 512.50.

Watches of Switzerland Group Stock Performance

The firm has a market capitalization of £813.46 million, a price-to-earnings ratio of 1,556.83, a P/E/G ratio of 1.56 and a beta of 2.17. The stock's fifty day moving average is GBX 345.30 and its two-hundred day moving average is GBX 378.02. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69.

Watches of Switzerland Group (LON:WOSG - Get Free Report) last issued its earnings results on Thursday, July 3rd. The company reported GBX 41.60 earnings per share for the quarter. Watches of Switzerland Group had a net margin of 3.84% and a return on equity of 11.38%. On average, analysts predict that Watches of Switzerland Group plc will post 42.739726 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.