Watches of Switzerland Group (LON:WOSG) Reaches New 1-Year High – Time to Buy?

Watches of Switzerland Group plc (LON:WOSG)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 776.50 and last traded at GBX 776.50, with a volume of 1294125 shares. The stock had previously closed at GBX 719.50.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WOSG shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price objective on shares of Watches of Switzerland Group in a report on Friday, May 15th. Royal Bank Of Canada increased their price objective on Watches of Switzerland Group from GBX 560 to GBX 650 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Watches of Switzerland Group has an average rating of “Moderate Buy” and an average target price of GBX 546.67.

Watches of Switzerland Group Stock Performance

The company has a market cap of £1.80 billion, a PE ratio of 26.23, a PEG ratio of 1.56 and a beta of 1.87. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.48 and a current ratio of 1.96. The firm’s 50 day moving average is GBX 677.73 and its 200-day moving average is GBX 554.35.

About Watches of Switzerland Group

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK and US comprising eight prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Deutsch & Deutsch (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering. Since 8 May 2024, the Group has also owned the exclusive distribution rights for Roberto Coin in the USA, Canada, Central America and the Caribbean.