Watches of Switzerland Group (LON:WOSG) Trading Down 14.8% – Here’s Why

Watches of Switzerland Group plc (LON:WOSG) shares dropped 14.8% during trading on Thursday . The company traded as low as GBX 356 ($4.62) and last traded at GBX 360.80 ($4.69). Approximately 3,244,826 shares traded hands during trading, an increase of 122% from the average daily volume of 1,463,344 shares. The stock had previously closed at GBX 423.40 ($5.50).

Analyst Ratings Changes

Several brokerages have recently weighed in on WOSG. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 575 ($7.47) target price on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.23).

Watches of Switzerland Group Stock Performance

The firm has a market cap of £870.16 million, a price-to-earnings ratio of 14.62, a PEG ratio of 1.56 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The company has a 50 day moving average of GBX 493.93 and a 200 day moving average of GBX 487.17.

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, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Hodinkee (US) and Analog:Shift (US) with a complementary jewellery offering.