Jefferies Financial Group Reaffirms Buy Rating for Watches of Switzerland Group (LON:WOSG)

Watches of Switzerland Group (LON:WOSG)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a GBX 575 ($7.33) price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 2.31% from the company’s previous close.

A number of other research firms also recently commented on WOSG. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 430 ($5.48) target price on shares of Watches of Switzerland Group in a research report on Wednesday, September 4th. Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 496.67 ($6.33).

Watches of Switzerland Group Trading Down 1.4 %

Shares of LON:WOSG opened at GBX 562 ($7.16) on Friday. Watches of Switzerland Group has a 52 week low of GBX 324 ($4.13) and a 52 week high of GBX 728 ($9.28). The company’s 50 day moving average is GBX 455.40 and its two-hundred day moving average is GBX 419.30. 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 cap of £1.35 billion, a PE ratio of 2,248.00, a P/E/G ratio of 1.56 and a beta of 2.17.

Watches of Switzerland Group Company Profile

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services.