Watches of Switzerland Group PLC ( (GB:WOSG) ) has issued an update.
Watches of Switzerland Group PLC has updated its £25 million share buyback program, initially announced in March 2025, by entering a new agreement with Barclays Bank PLC. This agreement allows for the purchase of up to 23,957,029 ordinary shares during both open and closed periods, with the aim of reducing the company’s share capital. The program, which has already seen the repurchase of over 2 million shares, will continue until the next annual general meeting or December 2025, aligning with the company’s disciplined capital allocation strategy.
Spark’s Take on GB:WOSG Stock
According to Spark, TipRanks’ AI Analyst, GB:WOSG is a Neutral.
Watches of Switzerland Group PLC maintains a solid financial foundation with strong revenue growth. However, it faces challenges with declining operational efficiency and cash flow constraints, which are a concern. The technical analysis indicates a bearish trend, suggesting investor caution. The fair valuation provides some reassurance, though the lack of dividends may be a drawback. The recent share repurchase program enhances shareholder value, reflecting confidence in financial health and future prospects.
To see Spark’s full report on GB:WOSG stock, click here.
More about Watches of Switzerland Group PLC
The Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK, US, and Europe with seven prestigious brands including Watches of Switzerland, Mappin & Webb, Goldsmiths, Mayors, Betteridge, Analog:Shift, and Hodinkee. The company also offers a complementary jewelry selection and holds exclusive distribution rights for Roberto Coin in various regions. As of January 2025, the group boasts 217 showrooms and a significant presence in Heathrow Airport.
YTD Price Performance: -37.94%
Average Trading Volume: 815,361
Technical Sentiment Signal: Strong Buy
Current Market Cap: £813.5M
Find detailed analytics on WOSG stock on TipRanks’ Stock Analysis page.