Analyst Rogerio Fujimori from Stifel Nicolaus maintained a Hold rating on Watches of Switzerland Group PLC (WOSG – Research Report) and keeping the price target at p500.00.
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Rogerio Fujimori has given his Hold rating due to a combination of factors relating to the Watches of Switzerland Group PLC’s current market position and outlook. The company’s holiday trading update suggests that sales and earnings estimates for FY25 are expected to remain consistent with previous forecasts, indicating stable performance but lacking significant growth catalysts.
Additionally, while there is good demand for watches and jewelry in the US, driven by consumer confidence and economic strength, the UK market has only stabilized with challenges still present. The stock’s exposure to positive trends in the US, which constitutes a significant portion of its sales, provides some support, yet the overall valuation appears fair at 13 times FY25 earnings, justifying a Hold rating rather than a more aggressive stance.
According to TipRanks, Fujimori is a 4-star analyst with an average return of 5.5% and a 57.97% success rate.