Watches of Switzerland Group (LON:WOSG) Shares Down 11.9% – Should You Sell?

Watches of Switzerland Group plc (LON:WOSG)’s share price fell 11.9% on Thursday . The stock traded as low as GBX 370.40 ($4.78) and last traded at GBX 373 ($4.81). 2,396,901 shares were traded during mid-day trading, an increase of 65% from the average session volume of 1,450,497 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analysts Set New Price Targets

WOSG has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 575 ($7.42) target price on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 480 ($6.19).

Watches of Switzerland Group Stock Performance

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 firm has a 50-day moving average price of GBX 486.74 and a 200 day moving average price of GBX 485.98. The firm has a market capitalization of £824.26 million, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17.

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.