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

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Jefferies Financial Group restated 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.19).

Watches of Switzerland Group Trading Down 6.9 %

The company has a market cap of £824.26 million, a P/E ratio of 13.85, a PEG ratio of 1.56 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The business has a fifty day moving average price of GBX 486.74 and a 200-day moving average price of GBX 485.98.

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.