Watkin Jones (LON:WJG) Shares Down 0.5% – What’s Next?

Watkin Jones Plc (LON:WJG)’s share price was down 0.5% during mid-day trading on Wednesday . The stock traded as low as GBX 28.05 and last traded at GBX 29.10. Approximately 549,935 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 427,416 shares. The stock had previously closed at GBX 29.25.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and set a GBX 38 price target on shares of Watkin Jones in a research report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Watkin Jones has an average rating of “Buy” and an average price target of GBX 38.

Watkin Jones Price Performance

The firm has a fifty day moving average price of GBX 27.99 and a two-hundred day moving average price of GBX 28.61. The company has a quick ratio of 1.55, a current ratio of 2.41 and a debt-to-equity ratio of 41.00. The stock has a market capitalization of £73.66 million, a P/E ratio of -8.76 and a beta of 1.38.

Watkin Jones (LON:WJG) last announced its quarterly earnings results on Tuesday, December 16th. The company reported GBX 2.29 earnings per share (EPS) for the quarter. Watkin Jones had a negative net margin of 6.99% and a negative return on equity of 22.95%. On average, analysts expect that Watkin Jones Plc will post 2.9042225 EPS for the current year.

Watkin Jones Company Profile

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. The company was formerly known as Watkin Jones Limited and changed its name to Watkin Jones Plc in March 2016.