SWATCH Grp AG/ADR (SWGAY) Upgraded to Buy at HSBC
HSBC upgraded shares of SWATCH Grp AG/ADR (OTCMKTS:SWGAY) from a hold rating to a buy rating in a report published on Thursday morning, Marketbeat Ratings reports.
Several other equities research analysts also recently commented on SWGAY. Deutsche Bank downgraded SWATCH Grp AG/ADR from a buy rating to a hold rating in a report on Wednesday, July 11th. UBS Group downgraded SWATCH Grp AG/ADR from a buy rating to a hold rating in a report on Friday, August 31st. Finally, Societe Generale upgraded SWATCH Grp AG/ADR from a sell rating to a hold rating in a report on Thursday, October 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. SWATCH Grp AG/ADR currently has an average rating of Hold.
Shares of OTCMKTS:SWGAY opened at $16.38 on Thursday. SWATCH Grp AG/ADR has a 1-year low of $15.72 and a 1-year high of $25.30.
The Swatch Group Ltd manufactures and sells finished watches, jewelry, and watch movements and components worldwide. The company's Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. Its Electronic Systems segment engages in the design, production, and commercialization of electronic components, as well as sports timing activities.
Receive News & Ratings for SWATCH Grp AG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SWATCH Grp AG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.