Barclays lowered shares of The Swatch Group (OTCMKTS:SWGAY – Get Rating) from an overweight rating to an equal weight rating in a research report sent to investors on Friday morning, The Fly reports.
Other equities research analysts have also issued reports about the stock. UBS Group reduced their target price on shares of The Swatch Group from CHF 272 to CHF 242 in a report on Tuesday, June 7th. HSBC lowered shares of The Swatch Group from a buy rating to a hold rating in a research report on Thursday, September 1st. Morgan Stanley lowered their price target on shares of The Swatch Group from CHF 280 to CHF 254 and set an underweight rating on the stock in a report on Monday, May 16th. Societe Generale lowered their target price on shares of The Swatch Group from CHF 290 to CHF 258 and set a hold rating on the stock in a research note on Thursday, June 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of The Swatch Group from a buy rating to a hold rating in a research note on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $278.50.
Get The Swatch Group alerts:The Swatch Group Trading Up 2.6 %
SWGAY stock opened at $12.05 on Friday. The company has a 50 day simple moving average of $12.34 and a 200 day simple moving average of $12.63. The Swatch Group has a 1 year low of $11.18 and a 1 year high of $16.73.
About The Swatch Group
(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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