Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Watches of Switzerland Group PLC ( (GB:WOSG) ) has provided an update.
Watches of Switzerland Group PLC has completed the acquisition of Deutsch & Deutsch, a long-established, family-owned luxury watch and jewellery retailer in Texas, adding four Rolex-authorised showrooms in El Paso, Laredo, McAllen and Victoria that generated $67 million in revenue in 2024 with profitability in line with the group’s existing US retail operations. The deal, in which Watches of Switzerland acquired 88% of Deutsch & Deutsch with an option on the remainder, strengthens the company’s US footprint to 25 Rolex-anchored showrooms, leverages the strong local Deutsch & Deutsch brand and management, and supports the group’s strategic growth-through-acquisition model aimed at enhancing its leadership position in the US luxury watch and jewellery market.
The most recent analyst rating on (GB:WOSG) stock is a Hold with a £520.00 price target. To see the full list of analyst forecasts on Watches of Switzerland Group PLC stock, see the GB:WOSG Stock Forecast page.
Spark’s Take on GB:WOSG Stock
According to Spark, TipRanks’ AI Analyst, GB:WOSG is a Outperform.
Watches of Switzerland Group PLC’s overall score is driven by strong financial performance and positive earnings call sentiment, particularly in the U.S. market. Technical indicators support a bullish outlook, although valuation concerns and leverage require attention.
To see Spark’s full report on GB:WOSG stock, click here.
More about Watches of Switzerland Group PLC
Watches of Switzerland Group PLC is the UK’s largest luxury watch retailer, operating 200 showrooms across the UK and US under brands including Watches of Switzerland, Mappin & Webb, Goldsmiths, Mayors, Betteridge, Deutsch & Deutsch, Analog:Shift and Hodinkee, alongside a complementary jewellery offering. The group partners with leading luxury brands such as Rolex, OMEGA, Cartier, TAG Heuer, Breitling and Roberto Coin, runs 83 mono-brand boutiques and multiple e-commerce sites, and holds exclusive distribution rights for Roberto Coin across the US, Canada, Central America and the Caribbean.
Average Trading Volume: 924,386
Technical Sentiment Signal: Buy
Current Market Cap: £1.12B
Find detailed analytics on WOSG stock on TipRanks’ Stock Analysis page.