Watches of Switzerland Group (LON:WOSG) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Watches of Switzerland Group (LON:WOSG) to a sector perform rating in a research note published on Tuesday,Digital Look reports. The brokerage currently has GBX 800 price target on the stock, up from their prior price target of GBX 725.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price objective on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 596.67.

Watches of Switzerland Group Stock Up 4.5%

LON:WOSG opened at GBX 744 on Tuesday. The stock has a 50-day simple moving average of GBX 722.09 and a 200 day simple moving average of GBX 580.57. Watches of Switzerland Group has a 52-week low of GBX 316.20 and a 52-week high of GBX 801.50. The company has a market cap of £1.72 billion, a PE ratio of 25.14, a PEG ratio of 1.56 and a beta of 1.87. The company has a debt-to-equity ratio of 87.18, a quick ratio of 0.48 and a current ratio of 1.91.

Watches of Switzerland Group (LON:WOSG) last released its quarterly earnings results on Tuesday, July 14th. The company reported GBX 45.20 earnings per share for the quarter. Watches of Switzerland Group had a return on equity of 16.31% and a net margin of 5.42%. On average, sell-side analysts expect that Watches of Switzerland Group will post 42.739726 EPS for the current fiscal year.

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.