London – Watches of Switzerland Group PLC has repurchased 90,047 ordinary shares on the London Stock Exchange as part of its ongoing £25 million share buyback initiative. The move, aimed at cancelling the repurchased shares, is expected to reduce the overall share count, potentially enhancing shareholder value.
With this latest transaction, the luxury watch retailer has now repurchased a cumulative total of 5,610,390 shares under the program, underscoring its strategic focus on delivering shareholder returns.
Analysts remain cautiously optimistic. The most recent rating on Watches of Switzerland stock (GB:WOSG) is a “Buy,” with a price target of £650.00, suggesting confidence in the company’s fundamentals despite market uncertainties.
However, according to Spark—TipRanks’ AI-powered analyst—the stock holds a “Neutral” rating. While the company benefits from strong revenue growth and a stable balance sheet, Spark notes that operational headwinds and potential pressure on cash flows could dampen near-term performance. Furthermore, valuation metrics point to limited upside, and technical indicators reveal a mixed trend—bullish in the short term but more subdued over the long run.
Investors are watching closely as the company balances capital returns with its ongoing growth strategy in a challenging macroeconomic environment.
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