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

Key Points

• Watches of Switzerland shares rose 0.6% to GBX 728, with trading volume surging to approximately 43.6 million shares—more than 15 times the average daily volume.
• Royal Bank of Canada upgraded the stock to “sector perform” and raised its price target to GBX 800. Analysts’ overall consensus is “Moderate Buy,” although the average target of GBX 596.67 is below the current share price.
• The company reported quarterly earnings of GBX 45.20 per share, with a 5.42% net margin and 16.31% return on equity. Its market capitalization is approximately £1.68 billion, while its debt-to-equity ratio stands at 87.18.

Watches of Switzerland Group plc (LON:WOSG - Get Free Report) traded up 0.6% on Wednesday . The company traded as high as GBX 729.50 and last traded at GBX 728. Approximately 43,572,711 shares changed hands during trading, an increase of 1,519% from the average daily volume of 2,691,882 shares. The stock had previously closed at GBX 724.

Analysts Set New Price Targets

WOSG has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded Watches of Switzerland Group to a "sector perform" rating and lifted their price objective for the company from GBX 725 to GBX 800 in a research note on Tuesday, July 28th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 440 target price on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 596.67.

Watches of Switzerland Group Stock Up 0.6%

The company has a current ratio of 1.91, a quick ratio of 0.48 and a debt-to-equity ratio of 87.18. The firm has a market cap of £1.68 billion, a P/E ratio of 17.09, a PEG ratio of 1.56 and a beta of 1.87. The company's 50 day simple moving average is GBX 730.38 and its 200-day simple moving average is GBX 604.13.

Watches of Switzerland Group (LON:WOSG - Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported GBX 45.20 earnings per share for the quarter. Watches of Switzerland Group had a net margin of 5.42% and a return on equity of 16.31%. Research analysts forecast that Watches of Switzerland Group plc will post 42.739726 earnings per share for the current fiscal year.

About Watches of Switzerland Group

Established in 2007 the Watches of Switzerland Group is the UK's largest luxury watch retailer, operating in the US and UK 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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