Watches of Switzerland Group (LON:WOSG) Sets New 52-Week Low at $324.60

Shares of Watches of Switzerland Group plc (LON:WOSG) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 324.60 ($4.08) and last traded at GBX 326 ($4.10), with a volume of 21373437 shares trading hands. The stock had previously closed at GBX 332.60 ($4.18).

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WOSG shares. Royal Bank of Canada lowered their target price on shares of Watches of Switzerland Group from GBX 475 ($5.97) to GBX 425 ($5.34) and set an “outperform” rating for the company in a report on Tuesday, April 23rd. Barclays restated an “overweight” rating and issued a GBX 580 ($7.29) price target on shares of Watches of Switzerland Group in a report on Friday, February 9th. Finally, Citigroup reiterated a “buy” rating and set a GBX 440 ($5.53) price objective on shares of Watches of Switzerland Group in a research note on Tuesday, April 23rd.

Watches of Switzerland Group Trading Down 0.9 %

The firm has a market capitalization of £789.31 million, a price-to-earnings ratio of 755.91, a P/E/G ratio of 0.97 and a beta of 2.07. 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 50 day moving average price of GBX 362.21 and a two-hundred day moving average price of GBX 484.44.

Insider Buying and Selling at Watches of Switzerland Group

In other Watches of Switzerland Group news, insider Ian Carter bought 50,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of GBX 377 ($4.74) per share, with a total value of £188,500 ($236,809.05). 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.