Watches of Switzerland Group (LON:WOSG) Sets New 52-Week High – Still a Buy?

Shares of Watches of Switzerland Group plc (LON:WOSG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 682.50 and last traded at GBX 656.54, with a volume of 71610563 shares changing hands. The stock had previously closed at GBX 640.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the company a “sector perform” rating in a report on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 target price on shares of Watches of Switzerland Group in a 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, Watches of Switzerland Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 546.67.

Watches of Switzerland Group Stock Up 1.4%

The firm’s fifty day moving average price is GBX 505.85 and its two-hundred day moving average price is GBX 487.67. The stock has a market cap of £1.60 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80. The company has a debt-to-equity ratio of 107.40, a current ratio of 1.96 and a quick ratio of 0.48.

Insider Buying and Selling at Watches of Switzerland Group

In related news, insider Chabi Nouri acquired 2,500 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were purchased at an average price of GBX 515 per share, for a total transaction of £12,875. Corporate 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.