Watches of Switzerland Group (LON:WOSG) Given New GBX 425 Price Target at Royal Bank of Canada

Watches of Switzerland Group (LON:WOSG) had its price objective decreased by Royal Bank of Canada from GBX 475 ($5.87) to GBX 425 ($5.25) in a report issued on Tuesday, MarketBeat.com reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other research firms have also commented on WOSG. Barclays reaffirmed an overweight rating and set a GBX 580 ($7.16) price target on shares of Watches of Switzerland Group in a research report on Friday, February 9th. Citigroup reiterated a buy rating and set a GBX 440 ($5.43) price objective on shares of Watches of Switzerland Group in a research note on Tuesday.

Watches of Switzerland Group Price Performance

LON:WOSG opened at GBX 344 ($4.25) on Tuesday. Watches of Switzerland Group has a 52 week low of GBX 324.80 ($4.01) and a 52 week high of GBX 899.50 ($11.11). The firm has a market cap of £824.12 million, a price-to-earnings ratio of 781.82, a P/E/G ratio of 0.82 and a beta of 2.09. The firm’s 50-day simple moving average is GBX 372.92 and its 200 day simple moving average is GBX 491.34. The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69.

Insiders Place Their Bets

In other news, insider Ian Carter acquired 50,000 shares of Watches of Switzerland Group stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of GBX 377 ($4.66) per share, for a total transaction of £188,500 ($232,831.03). Corporate 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.