Watches of Switzerland Group (LON:WOSG) Trading Down 13.8% – Here’s Why

Watches of Switzerland Group plc (LON:WOSG) was down 13.8% on Thursday . The company traded as low as GBX 356 ($4.66) and last traded at GBX 365.08 ($4.78). Approximately 4,470,943 shares traded hands during mid-day trading, an increase of 202% from the average daily volume of 1,481,922 shares. The stock had previously closed at GBX 423.40 ($5.55).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 575 ($7.53) price objective on shares of Watches of Switzerland Group in a research note 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Watches of Switzerland Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.29).

Watches of Switzerland Group Trading Down 13.8 %

The company’s 50-day moving average is GBX 490.60 and its 200 day moving average is GBX 486.33. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The firm has a market cap of £881.95 million, a PE ratio of 14.82, a P/E/G ratio of 1.56 and a beta of 2.17.

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.