Watches of Switzerland Group plc (LON:WOSG – Get Free Report) shares rose 6% during trading on Thursday . The company traded as high as GBX 457 ($5.80) and last traded at GBX 423.40 ($5.37). Approximately 1,539,483 shares were traded during trading, an increase of 45% from the average daily volume of 1,063,259 shares. The stock had previously closed at GBX 399.40 ($5.07).
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Watches of Switzerland Group from GBX 475 ($6.03) to GBX 425 ($5.39) and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. Citigroup reissued a “buy” rating and set a GBX 440 ($5.58) price target on shares of Watches of Switzerland Group in a research report on Tuesday, April 23rd.
Watches of Switzerland Group Stock Performance
The firm has a market cap of £1.01 billion, a price-to-earnings ratio of 962.27, a price-to-earnings-growth ratio of 1.11 and a beta of 2.07. The stock’s 50 day moving average is GBX 378.79 and its 200 day moving average is GBX 437. The company has a current ratio of 1.69, a quick ratio of 0.48 and a debt-to-equity ratio of 102.29.
About Watches of Switzerland Group
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.