Citigroup Reiterates “Buy” Rating for Watches of Switzerland Group (LON:WOSG)

Watches of Switzerland Group (LON:WOSG)‘s stock had its “buy” rating restated by equities researchers at Citigroup in a report released on Tuesday, Digital Look reports. They presently have a GBX 440 ($5.43) price target on the stock. Citigroup’s price target points to a potential upside of 26.31% from the stock’s current price.

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

Watches of Switzerland Group Price Performance

Shares of LON WOSG traded up GBX 3.55 ($0.04) during midday trading on Tuesday, reaching GBX 348.35 ($4.30). The stock had a trading volume of 1,715,243 shares, compared to its average volume of 872,805. The stock has a 50-day moving average of GBX 378.41 and a 200-day moving average of GBX 495.64. The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69. The company has a market capitalization of £834.54 million, a price-to-earnings ratio of 791.70, a price-to-earnings-growth ratio of 0.82 and a beta of 2.09. 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 Activity

In other Watches of Switzerland Group news, insider Ian Carter purchased 50,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of GBX 377 ($4.66) per share, with a total value of £188,500 ($232,831.03). Company insiders own 4.53% of the company’s stock.

Watches of Switzerland Group Company Profile

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.