Watkin Jones (LON:WJG) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

by · The Markets Daily

Watkin Jones Plc (LON:WJG – Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 29.84 and traded as low as GBX 27.30. Watkin Jones shares last traded at GBX 27.65, with a volume of 514,866 shares traded.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 38 target price on shares of Watkin Jones in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 38.

View Our Latest Research Report on WJG

Watkin Jones Trading Up 1.3%

The firm has a market capitalization of £71.86 million, a P/E ratio of -189.19 and a beta of 1.38. The business’s 50 day moving average is GBX 29.78 and its two-hundred day moving average is GBX 29.51. The company has a quick ratio of 1.55, a current ratio of 2.41 and a debt-to-equity ratio of 41.00.

Watkin Jones Company Profile

(Get Free Report)

Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom. The company operates through four segments: Student Accommodation, Build to Rent, Affordable Homes, and Accommodation Management. It is involved in the development of purpose-built student accommodation, build to rent accommodation, and residential housing property; and management of student accommodation and build to rent/private rental sector property.

Featured Articles