Watches of Switzerland Group (LON:WOSG) Price Target Raised to GBX 520 at Royal Bank of Canada

Watches of Switzerland Group (LON:WOSG) had its price objective increased by investment analysts at Royal Bank of Canada from GBX 500 ($6.32) to GBX 520 ($6.58) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 24.70% from the stock’s previous close.

Several other equities analysts also recently commented on WOSG. Citigroup restated a “buy” rating and issued a GBX 440 ($5.57) price target on shares of Watches of Switzerland Group in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Watches of Switzerland Group from GBX 420 ($5.31) to GBX 435 ($5.50) and gave the stock a “hold” rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 493.75 ($6.25).

Watches of Switzerland Group Stock Performance

Shares of LON WOSG opened at GBX 417 ($5.27) on Tuesday. Watches of Switzerland Group has a one year low of GBX 324 ($4.10) and a one year high of GBX 789 ($9.98). The company has a debt-to-equity ratio of 102.29, a current ratio of 1.69 and a quick ratio of 0.48. The firm has a market cap of £999.01 million, a price-to-earnings ratio of 947.73, a P/E/G ratio of 1.11 and a beta of 2.07. The stock’s fifty day moving average price is GBX 384.45 and its two-hundred day moving average price is GBX 429.12.

About Watches of Switzerland Group

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services.