Watches of Switzerland Group (LON:WOSG) Shares Down 13.8% – Should You Sell?

Watches of Switzerland Group plc (LON:WOSG) shares fell 13.8% on Thursday . The stock traded as low as GBX 356 ($4.59) and last traded at GBX 365.08 ($4.71). 4,470,943 shares were traded during trading, an increase of 202% from the average session volume of 1,481,922 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analyst Ratings Changes

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

Watches of Switzerland Group Trading Down 6.9 %

The business has a 50 day moving average of GBX 486.74 and a 200-day moving average of GBX 485.98. The stock has a market cap of £824.26 million, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69.

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, 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.