Watches of Switzerland Group (LON:WOSG) Shares Down 2% – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG) shares traded down 2% during trading on Monday . The stock traded as low as GBX 512 ($6.37) and last traded at GBX 523.37 ($6.51). 293,463 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,592,798 shares. The stock had previously closed at GBX 534.28 ($6.65).

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Shore Capital reiterated a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 575 ($7.15) target price on shares of Watches of Switzerland Group in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 496.67 ($6.18).

Watches of Switzerland Group Stock Performance

The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48. The firm has a market capitalization of £1.25 billion, a price-to-earnings ratio of 2,093.49, a PEG ratio of 1.56 and a beta of 2.17. The firm’s fifty day moving average is GBX 524.61 and its 200 day moving average is GBX 453.82.

Watches of Switzerland Group (LON:WOSG) last posted its quarterly earnings results on Thursday, December 5th. The company reported GBX 18.10 ($0.23) EPS for the quarter. Watches of Switzerland Group had a net margin of 3.84% and a return on equity of 11.91%. On average, analysts predict that Watches of Switzerland Group plc will post 42.739726 EPS for the current fiscal 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), Hodinkee and Analog:Shift (US) with a complementary jewellery offering.