The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.42 and last traded at $8.45, with a volume of 130987 shares changing hands. The stock had previously closed at $8.51.
Analysts Set New Price Targets
A number of research firms have weighed in on SWGAY. Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lowered The Swatch Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th. UBS Group raised The Swatch Group to a “strong sell” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada downgraded The Swatch Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 9th.
View Our Latest Analysis on SWGAY
The Swatch Group Stock Down 0.7 %
About The Swatch Group
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.
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