Watches of Switzerland Group (LON:WOSG) Price Target Lowered to GBX 425 at Royal Bank of Canada

Watches of Switzerland Group (LON:WOSG) had its price target decreased by equities researchers at Royal Bank of Canada from GBX 475 ($5.87) to GBX 425 ($5.25) in a research note issued to investors on Tuesday, LSE.Co.UK reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 22.00% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on WOSG. Citigroup reaffirmed a “buy” rating and set a GBX 440 ($5.43) price target on shares of Watches of Switzerland Group in a research note on Tuesday. Barclays reiterated an “overweight” rating and set a GBX 580 ($7.16) price objective on shares of Watches of Switzerland Group in a report on Friday, February 9th.

Watches of Switzerland Group Stock Up 1.0 %

Shares of LON:WOSG traded up GBX 3.55 ($0.04) during trading on Tuesday, hitting GBX 348.35 ($4.30). 1,715,243 shares of the company were exchanged, compared to its average volume of 872,805. The stock has a market capitalization of £834.54 million, a P/E ratio of 791.70, a PEG ratio of 0.82 and a beta of 2.09. The company has a debt-to-equity ratio of 102.29, a current ratio of 1.69 and a quick ratio of 0.48. Watches of Switzerland Group has a 12-month low of GBX 324.80 ($4.01) and a 12-month high of GBX 899.50 ($11.11). The firm’s 50 day moving average price is GBX 378.41 and its 200-day moving average price is GBX 495.64.

Insider Activity

In related news, insider Ian Carter bought 50,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of GBX 377 ($4.66) per share, with a total value of £188,500 ($232,831.03). 4.53% of the stock is owned by corporate insiders.

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.