Watchstone Group (WTG) Price Target Cut to GBX 140

Watchstone Group (LON:WTG) had its price objective lowered by research analysts at Peel Hunt from GBX 162 ($2.20) to GBX 140 ($1.90) in a research note issued to investors on Friday. The firm currently has an “add” rating on the stock. Peel Hunt’s target price indicates a potential upside of 37.25% from the stock’s current price.

Watchstone Group (LON:WTG) traded down GBX 1.50 ($0.02) during trading hours on Friday, reaching GBX 102 ($1.38). 60,869 shares of the company traded hands, compared to its average volume of 41,232. The company has a market capitalization of $46.96 and a PE ratio of -536.84. Watchstone Group has a twelve month low of GBX 80 ($1.08) and a twelve month high of GBX 195 ($2.64).

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Watchstone Group Company Profile

Watchstone Group plc offers technology solutions to the insurance, automotive and healthcare industries. Its segments include Hubio, Healthcare (pt Health and InnoCare), and ingenie. Hubio provides integrated solutions to help organizations in the insurance and automotive sectors to build customer engagement and enable usage-based personalization.

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