Watches of Switzerland Group (LON:WOSG) Trading Down 0.6% – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG) dropped 0.6% during mid-day trading on Friday . The stock traded as low as GBX 442.22 and last traded at GBX 446.40. Approximately 3,908,335 shares were traded during trading, an increase of 94% from the average daily volume of 2,019,502 shares. The stock had previously closed at GBX 449.20.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Watches of Switzerland Group from GBX 450 to GBX 550 and gave the stock a “buy” rating in a report on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 455.

Watches of Switzerland Group Stock Down 0.6%

The stock’s fifty day moving average is GBX 490.18 and its 200 day moving average is GBX 443.79. The company has a current ratio of 1.96, a quick ratio of 0.48 and a debt-to-equity ratio of 107.40. The company has a market capitalization of £1.03 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.87.

Insider Activity

In related news, insider Chabi Nouri acquired 2,500 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average cost of GBX 515 per share, for a total transaction of £12,875. Company insiders own 4.47% of the company’s stock.

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.