Swatch Group (OTCMKTS:SWGAY – Get Free Report) was upgraded by equities researchers at Kepler Capital Markets from a “reduce” rating to a “buy” rating in a report released on Wednesday.
Other research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Swatch Group to a “hold” rating in a report on Friday, May 8th. Royal Bank Of Canada raised shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 13th. Citigroup restated a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. Finally, Sanford C. Bernstein cut Swatch Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Report on SWGAY
Swatch Group Trading Up 3.1%
About Swatch Group
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.
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