Royal Bank of Canada Lowers Watches of Switzerland Group (LON:WOSG) Price Target to GBX 425

Watches of Switzerland Group (LON:WOSG) had its target price dropped by investment analysts at Royal Bank of Canada from GBX 475 ($5.87) to GBX 425 ($5.25) in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 19.45% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Barclays reaffirmed an “overweight” rating and issued a GBX 580 ($7.16) target price on shares of Watches of Switzerland Group in a research report on Friday, February 9th. Citigroup reissued a “buy” rating and set a GBX 440 ($5.43) price target on shares of Watches of Switzerland Group in a research report on Tuesday.

Watches of Switzerland Group Trading Down 1.9 %

LON:WOSG opened at GBX 355.80 ($4.39) on Tuesday. The company has a 50-day moving average price of GBX 376.19 and a 200-day moving average price of GBX 493.57. 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). The company has a current ratio of 1.69, a quick ratio of 0.48 and a debt-to-equity ratio of 102.29. The stock has a market cap of £852.39 million, a price-to-earnings ratio of 808.64, a P/E/G ratio of 0.82 and a beta of 2.09.

Insider Activity at Watches of Switzerland Group

In other news, insider Ian Carter acquired 50,000 shares of Watches of Switzerland Group stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of GBX 377 ($4.66) per share, for a total transaction of £188,500 ($232,831.03). 4.53% of the stock is currently owned by corporate insiders.

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.