Watches of Switzerland Group (LON:WOSG) Trading Down 14.8% – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG) shares traded down 14.8% during mid-day trading on Thursday . The company traded as low as GBX 356 ($4.59) and last traded at GBX 360.80 ($4.65). 3,244,826 shares changed hands during mid-day trading, an increase of 122% from the average session volume of 1,463,344 shares. The stock had previously closed at GBX 423.40 ($5.46).

Wall Street Analysts Forecast Growth

WOSG has been the topic of a number of research analyst reports. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 575 ($7.42) price target on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.19).

Watches of Switzerland Group Trading Down 6.9 %

The business’s 50-day moving average price is GBX 486.74 and its 200-day moving average price is GBX 485.98. The firm has a market capitalization of £824.26 million, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48.

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 (US) and Analog:Shift (US) with a complementary jewellery offering.