Watches of Switzerland Group (LON:WOSG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Watches of Switzerland Group (LON:WOSG) had its price objective raised by stock analysts at Royal Bank Of Canada from GBX 560 to GBX 650 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential downside of 0.76% from the stock’s current price.

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 440 price objective on shares of Watches of Switzerland Group in a report on Friday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 546.67.

Watches of Switzerland Group Price Performance

Shares of LON WOSG opened at GBX 655 on Tuesday. The stock has a fifty day simple moving average of GBX 498.74 and a two-hundred day simple moving average of GBX 484.06. Watches of Switzerland Group has a 1-year low of GBX 316.20 and a 1-year high of GBX 668.50. The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80. The company has a current ratio of 1.96, a quick ratio of 0.48 and a debt-to-equity ratio of 107.40.

Insider Buying and Selling

In related news, insider Chabi Nouri purchased 2,500 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average price of GBX 515 per share, with a total value of £12,875. 4.47% of the stock is currently owned by corporate insiders.

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.