The Swatch Group AG (OTCMKTS:SWGAY) Given Consensus Rating of “Reduce” by Brokerages

Posted by Defense World Staff on Jun 6th, 2023

Shares of The Swatch Group AG (OTCMKTS:SWGAY – Get Rating) have been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $280.00.

Separately, Barclays downgraded shares of The Swatch Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, March 22nd.

The Swatch Group Stock Performance

Shares of OTCMKTS:SWGAY opened at $14.56 on Tuesday. The company has a 50 day moving average price of $16.31 and a 200 day moving average price of $16.00. The Swatch Group has a 1-year low of $10.80 and a 1-year high of $18.33.

The Swatch Group Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th were paid a dividend of $0.1895 per share. The ex-dividend date of this dividend was Friday, May 12th. This represents a dividend yield of 1.14%. This is a positive change from The Swatch Group’s previous dividend of $0.16.

The Swatch Group Company Profile

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The Swatch Group AG engages in the design, manufacture, and sale of finished watches, jewelry, watch movements, and components. It operates through the Watches & Jewelry, and Electronic Systems segments. The Watches & Jewelry segment is involved in the designs, production, and marketing of watches and jewelry.