Royal Bank of Canada Increases Watches of Switzerland Group (LON:WOSG) Price Target to GBX 520

Watches of Switzerland Group (LON:WOSG) had its price target increased by investment analysts at Royal Bank of Canada from GBX 500 ($6.32) to GBX 520 ($6.58) in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 24.70% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a GBX 440 ($5.57) price target on shares of Watches of Switzerland Group in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Watches of Switzerland Group from GBX 420 ($5.31) to GBX 435 ($5.50) and gave the stock a “hold” rating in a report on Friday, June 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 493.75 ($6.25).

Watches of Switzerland Group Stock Performance

Shares of WOSG opened at GBX 417 ($5.27) on Tuesday. The firm has a market capitalization of £999.01 million, a PE ratio of 947.73, a P/E/G ratio of 1.11 and a beta of 2.07. The company has a quick ratio of 0.48, a current ratio of 1.69 and a debt-to-equity ratio of 102.29. The firm has a 50-day moving average price of GBX 384.45 and a 200 day moving average price of GBX 429.12. Watches of Switzerland Group has a 52-week low of GBX 324 ($4.10) and a 52-week high of GBX 789 ($9.98).

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.