Watches of Switzerland Group (LON:WOSG) Stock Price Down 12% – Time to Sell?

Watches of Switzerland Group plc (LON:WOSG)’s stock price traded down 12% during trading on Thursday . The stock traded as low as GBX 370.40 ($4.81) and last traded at GBX 372.80 ($4.84). 2,409,280 shares traded hands during mid-day trading, an increase of 66% from the average session volume of 1,450,685 shares. The stock had previously closed at GBX 423.40 ($5.50).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 575 ($7.47) price target on shares of Watches of Switzerland Group in a research report 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 480 ($6.23).

Watches of Switzerland Group Stock Performance

The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The stock has a market cap of £875.33 million, a PE ratio of 14.71, a P/E/G ratio of 1.56 and a beta of 2.17. The business’s 50-day moving average price is GBX 493.93 and its 200-day moving average price is 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.