Watches of Switzerland Group (LON:WOSG) Reaches New 52-Week High – Time to Buy?

Watches of Switzerland Group plc (LON:WOSG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 734 and last traded at GBX 726.05, with a volume of 1568017 shares. The stock had previously closed at GBX 734.

Wall Street Analyst Weigh In

WOSG has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 440 price objective on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Royal Bank Of Canada upped their target price on Watches of Switzerland Group from GBX 560 to GBX 650 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Watches of Switzerland Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 546.67.

Watches of Switzerland Group Trading Down 1.1%

The stock has a 50-day moving average of GBX 616.45 and a 200 day moving average of GBX 530.16. The stock has a market cap of £1.68 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.56 and a beta of 1.85. The company has a quick ratio of 0.48, a current ratio of 1.96 and a debt-to-equity ratio of 107.40.

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 and US comprising eight prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Deutsch & Deutsch (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering. Since 8 May 2024, the Group has also owned the exclusive distribution rights for Roberto Coin in the USA, Canada, Central America and the Caribbean.