Watches of Switzerland Group (LON:WOSG) Shares Down 11.9% – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG)’s share price traded down 11.9% during trading on Thursday . The stock traded as low as GBX 370.40 ($4.81) and last traded at GBX 373 ($4.84). 2,396,901 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 1,450,497 shares. The stock had previously closed at GBX 423.40 ($5.50).

Analyst Ratings Changes

A number of brokerages recently issued reports on WOSG. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 575 ($7.47) price target on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.23).

Watches of Switzerland Group Price Performance

The company has a market capitalization of £875.33 million, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48. The stock’s 50 day simple moving average is GBX 493.93 and its 200-day simple moving average is GBX 487.17.

About Watches of Switzerland Group

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.