Watches of Switzerland Group (LON:WOSG) Stock Price Down 15% – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG)’s share price was down 15% on Thursday . The stock traded as low as GBX 358 ($4.62) and last traded at GBX 359.80 ($4.64). Approximately 2,665,719 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 1,454,570 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analysts Set New Price Targets

WOSG has been the subject of a number of recent research reports. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 575 ($7.42) price target on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.19).

Watches of Switzerland Group Stock Down 6.9 %

The firm’s 50-day moving average price is GBX 486.74 and its 200 day moving average price is GBX 485.98. 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 company has a market capitalization of £824.26 million, a price-to-earnings ratio of 13.85, a PEG ratio of 1.56 and a beta of 2.17.

Watches of Switzerland Group Company Profile

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.