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Pin to quick picksWatches Switz Share News (WOSG)

Share Price Information for Watches Switz (WOSG)

London Stock Exchange
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Share Price: 345.00
Bid: 348.80
Ask: 349.60
Change: 10.60 (3.17%)
Spread: 0.80 (0.229%)
Open: 335.60
High: 351.00
Low: 334.00
Prev. Close: 334.40
WOSG Live PriceLast checked at -

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Jefferies starts Watches of Switzerland at 'buy'

Thu, 05th Nov 2020 08:00

(Sharecast News) - Jefferies initiated coverage of Watches of Switzerland on Thursday with a 'buy' rating and 470p price target, saying it's a proxy play on the more attractive end of the luxury watch market and is well-placed to perform in the underdeveloped US market.
Recent results and upgraded guidance confirm resilience in the UK, Jefferies said.

"There is more upside in spite of the recent rerating as outperformance will continue and the investment case is not well known," it added.

The bank also highlighted the company's relationship with Rolex and the expansion opportunity in the US. The top seven brands, led by Rolex, account for 74% of sales, it said.

"The group primarily sells high-end luxury watches which accounted for 84% of sales in FY20: Rolex is the key brand for and accounts for circa 54% of group sales, and growing.

"Whilst this implies WOSG is de facto a Rolex proxy, there is more to the name than meets the eye as it continues to increase profile and share via selling space accretion, store elevation, improving clienteling and dominance in digital."

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31 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
  
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23 Oct 2023 09:24

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13 Oct 2023 09:06

IN BRIEF: Crest Nicholson hires ex-Watches, Rank CFO to head finance

Crest Nicholson Holdings PLC - Surrey, England-based housebuilder - Hires William Floydd as finance director designate, effective from November 13. Follows mid-July announcement that current Finance Director Duncan Cooper will leave Crest Nicholson in January to become chief financial officer at builders' merchant Travis Perkins PLC. Floydd most recently was CFO of Watches of Switzerland Group PLC from January 2022 until May this year. He previously was CFO at Rank Group PLC from 2018 to 2021, after serving as UK & Ireland CFO at Experian PLC from 2013 to 2018. Crest Nicholson Chair Iain Ferguson says he is "delighted" by the appointment due to Floydd's "extensive experience as a [CFO] within the public listed company environment."

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25 Sep 2023 09:13

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12 Sep 2023 09:35

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8 Sep 2023 09:16

LONDON BROKER RATINGS: SocGen raises Next to 'buy' from 'hold'

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8 Sep 2023 09:04

Rolex exposure has its risks for Watches of Switzerland, says Stifel

(Sharecast News) - The significant exposure that Watches of Switzerland Group (WOSG) has to Rolex is both the group's main investment appeal and a key risk, according to broker Stifel which kicked off coverage of the stock with a 'hold' rating on Friday.

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4 Sep 2023 11:29

Director dealings: Watches of Switzerland insiders buy dip, Woodside execs vest and sell

(Sharecast News) - Watches of Switzerland Group had several entries on the list of director buys on Monday, after it made four separate disclosures to the market.

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4 Sep 2023 10:02

IN BRIEF: Watches of Switzerland senior team buy following Rolex scare

Watches of Switzerland Group PLC - Leicester, England-based watch seller - Chief financial officer, board chair, and two non-executive directors buy nearly GBP900,000 in stock on Friday last week, after its price took a hit from the acquisition of a rival retailer by key supplier Rolex SA. CFO Anders Romberg buys 100,000 shares at GBP5.85, worth GBP584,700. Chair Ian Carter buys 35,000 shares at prices from 582.50 pence to 589.50p, worth GBP205,690 in total. Non-executive directors Tea Colaianni and Robert Moorhead buy 8,500 and 8,495 shares respectively, at GBP5.86 and GBP5.84. Watches of Switzerland shares dropped more than 20% late last month after Rolex announced it had bought Bucherer SA. However, Watches of Switzerland said it was reassured by Rolex their relationship remained unchanged, and the opportunistic acquisition of a partner for the past 100 years didn't represent a broader move into retail by the high-end Swiss watchmaker.

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25 Aug 2023 17:20

European shares lose steam as Powell speech feeds rate concerns

Fed's Powell says higher rates may be needed

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25 Aug 2023 17:19

UK midcaps slip as Watches of Switzerland drags, end week higher

Midcaps log first weekly gain in five

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25 Aug 2023 16:57

LONDON MARKET CLOSE: FTSE dips then regains lost ground after Powell

(Alliance News) - Blue-chip European markets ended higher on Friday but faced afternoon selling pressure as slightly hawkish words from Federal Reserve Chair Jerome Powell at Jackson Hole hurt investor sentiment.

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25 Aug 2023 12:07

LONDON MARKET MIDDAY: FTSE 100 pushes higher ahead of Fed chair speech

(Alliance News) - The FTSE 100 edged higher at midday on Friday as all eyes turned to US Federal Reserve Chair Jerome Powell's address at Jackson Hole later in the day.

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