The Swatch Group AG (OTCMKTS:SWGAY) Receives $325.00 Consensus Price Target from Analysts

Shares of The Swatch Group AG (OTCMKTS:SWGAYGet Rating) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $325.00.

SWGAY has been the subject of a number of recent research reports. Credit Suisse Group dropped their target price on The Swatch Group from CHF 375 to CHF 360 in a report on Wednesday, January 26th. Morgan Stanley cut The Swatch Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 18th. Societe Generale dropped their price objective on The Swatch Group from CHF 330 to CHF 290 and set a “hold” rating for the company in a report on Thursday, April 21st. Royal Bank of Canada cut The Swatch Group from a “sector perform” rating to an “underperform” rating in a report on Monday, January 10th. Finally, HSBC upgraded The Swatch Group from a “hold” rating to a “buy” rating in a report on Monday, January 24th.

Shares of The Swatch Group stock traded down $0.02 on Monday, reaching $12.65. The company had a trading volume of 105,569 shares, compared to its average volume of 87,982. The firm’s 50-day moving average price is $13.53 and its two-hundred day moving average price is $14.46. The Swatch Group has a 1 year low of $12.29 and a 1 year high of $18.59.

The Swatch Group Company Profile (Get Rating)

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. It operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. The Electronic Systems segment is involved in the design, production, and commercialization of electronic components, as well as sports timing activities.

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Analyst Recommendations for The Swatch Group (OTCMKTS:SWGAY)

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