Watches of Switzerland Group PLC with ticker (LON:WOSG) now has a potential upside of 31.3% according to Citigroup.
Citigroup set a target price of 440 GBX for the company, which when compared to the Watches of Switzerland Group PLC share price of 335 GBX at opening today (26/04/2024) indicates a potential upside of 31.3%. Trading has ranged between 325 (52 week low) and 900 (52 week high) with an average of 859,538 shares exchanging hands daily. The market capitalisation at the time of writing is £832,746,029.
Watches of Switzerland Group PLC is a retailer of watches in the United Kingdom, United States and Europe. The Company also offers jewelry, fashion and classic & luxury watches and a range of watch and jewelry aftercare services to its customers. The Company comprises five brands: Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US) and Betteridge (US), with a complementary jewelry offering. The Watches of Switzerland Group has approximately 192 showrooms across the United Kingdom, United States and Europe including 77 dedicated mono-brand boutiques in partnership with Rolex, OMEGA, TAG Heuer, Breitling, TUDOR, Audemars Piguet, Grand Seiko, BVLGARI and FOPE and has a presence in Heathrow Airport with representation in Terminals 2, 3, 4 and 5 as well as seven retail websites.
Watches of Switzerland Group PLC 31.3% potential upside indicated by Citigroup
- Written by: Charlotte Edwards
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Watches of Switzerland Group PLC reported a 10% increase in constant currency revenue to £845 million for the first half of FY26, supported by 20% growth in the US and a 2% rise in the UK.
Watches of Switzerland reported trading in line with expectations for the 18 weeks to 31 August 2025, with strong growth in the US despite tariff announcements and continued stability in the UK. Ecommerce sales rose, supported by a site upgrade in the US, while the Certified Pre-Owned business delivered further expansion.
Watches of Switzerland Group PLC delivered record FY25 revenue of £1,652 million, up 8% at constant currency, with strong H2 growth and robust performance in both the US and UK.
Watches of Switzerland Group acquires Hodinkee, enhancing its leadership in the luxury watch market and expanding its US online presence.
