Watches of Switzerland Group's (WOSG) "Buy" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Watches of Switzerland Group (WOSG) received a reaffirmed "buy" rating from Jefferies Financial Group with a price objective of GBX 440, indicating a potential upside of 10%.
• In addition to Jefferies, Deutsche Bank has upgraded WOSG to a "buy" rating with a price target of GBX 450, while Shore Capital issued a "no recommendation" rating.
• The stock recently traded up 5.6%, reaching GBX 400, with a market capitalization of £920.73 million and a P/E ratio of 1,762.11.

Watches of Switzerland Group (LON:WOSG - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 440 price objective on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 10.00% from the company's current price.

WOSG has been the topic of several other research reports. Shore Capital reiterated a "no recommendation" rating on shares of Watches of Switzerland Group in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft upgraded Watches of Switzerland Group to a "buy" rating and set a GBX 450 price objective on the stock in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 445.

Watches of Switzerland Group Trading Up 5.6%

WOSG traded up GBX 21.20 during midday trading on Wednesday, reaching GBX 400. 1,319,304 shares of the company were exchanged, compared to its average volume of 1,447,087. The company has a debt-to-equity ratio of 109.69, a quick ratio of 0.48 and a current ratio of 1.95. Watches of Switzerland Group has a one year low of GBX 315 and a one year high of GBX 600. The stock has a market capitalization of £920.73 million, a P/E ratio of 1,762.11, a PEG ratio of 1.56 and a beta of 2.17. The stock's 50-day simple moving average is GBX 349.79 and its 200 day simple moving average is GBX 370.26.

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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