Watches of Switzerland Group (LON:WOSG) Upgraded at Deutsche Bank Aktiengesellschaft

Key Points

• Watches of Switzerland Group's stock has been upgraded to a "buy" rating by Deutsche Bank, with a price target of GBX 450, indicating a potential upside of 30.81% from current levels.
• Despite the upgrade, Shore Capital has maintained a "no recommendation" rating, while overall, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 485.
• The company reported GBX 41.60 earnings per share for the last quarter, with a predicted EPS of approximately 42.74 for the current year.

Deutsche Bank Aktiengesellschaft upgraded shares of Watches of Switzerland Group (LON:WOSG - Free Report) to a buy rating in a research report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has GBX 450 price target on the stock.

Separately, Shore Capital reaffirmed a "no recommendation" rating on shares of Watches of Switzerland Group in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 512.50.

Watches of Switzerland Group Stock Up 1.5%

Shares of WOSG traded up GBX 5.20 during midday trading on Tuesday, reaching GBX 350.80. 35,220,938 shares of the stock were exchanged, compared to its average volume of 1,562,377. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The company has a market capitalization of £807.48 million, a P/E ratio of 1,545.37, a PEG ratio of 1.56 and a beta of 2.17. Watches of Switzerland Group has a 52 week low of GBX 315 and a 52 week high of GBX 600. The company's 50 day moving average is GBX 351.65 and its two-hundred day moving average is GBX 388.79.

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