Watches of Switzerland Group’s (WOSG) Buy Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of Watches of Switzerland Group (LON:WOSG) in a research note issued to investors on Tuesday morning, MarketBeat reports. Citigroup currently has a GBX 440 ($5.43) target price on the stock.

Separately, Barclays reissued an overweight rating and set a GBX 580 ($7.16) price objective on shares of Watches of Switzerland Group in a report on Friday, February 9th.

Watches of Switzerland Group Stock Performance

WOSG opened at GBX 356.60 ($4.40) on Tuesday. The firm has a market capitalization of £854.31 million, a P/E ratio of 824.09, a price-to-earnings-growth ratio of 0.82 and a beta of 2.09. The stock’s 50 day moving average price is GBX 377.44 and its two-hundred day moving average price is GBX 494.57. The company has a quick ratio of 0.48, a current ratio of 1.69 and a debt-to-equity ratio of 102.29. Watches of Switzerland Group has a 12-month low of GBX 324.80 ($4.01) and a 12-month high of GBX 899.50 ($11.11).

Insider Transactions at Watches of Switzerland Group

In related news, insider Ian Carter bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of GBX 377 ($4.66) per share, for a total transaction of £188,500 ($232,831.03). 4.53% of the stock is owned by insiders.

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.