Watches of Switzerland Group (LON:WOSG) Sets New 1-Year Low – Time to Sell?

Watches of Switzerland Group plc (LON:WOSG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 185.69 and last traded at GBX 712.50, with a volume of 152807 shares traded. The stock had previously closed at GBX 717.50.

Analysts Set New Price Targets

WOSG has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price target on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Royal Bank Of Canada raised their price objective on Watches of Switzerland Group from GBX 560 to GBX 650 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Watches of Switzerland Group has an average rating of “Moderate Buy” and an average price target of GBX 546.67.

Watches of Switzerland Group Stock Performance

The stock’s 50 day moving average price is GBX 611.61 and its 200 day moving average price is GBX 528.36. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.48 and a current ratio of 1.96. The company has a market capitalization of £1.69 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.85.

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.