Watkin Jones (LON:WJG) Shares Pass Below 50 Day Moving Average of $220.02

Watkin Jones Plc (LON:WJG – Get Rating)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 220.02 ($2.70) and traded as low as GBX 214 ($2.62). Watkin Jones shares last traded at GBX 217 ($2.66), with a volume of 214,097 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 325 ($3.98) price objective on shares of Watkin Jones in a research report on Wednesday, May 25th.

Watkin Jones Price Performance

The company has a current ratio of 3.28, a quick ratio of 1.55 and a debt-to-equity ratio of 91.33. The company has a market capitalization of £557.74 million and a PE ratio of 7,233.33. The stock’s 50-day moving average is GBX 220.02 and its two-hundred day moving average is GBX 237.23.

Watkin Jones Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th were paid a GBX 2.90 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a yield of 1.26%. Watkin Jones’s dividend payout ratio is currently 273.33%.

Insiders Place Their Bets

In related news, insider Alan Giddins bought 21,500 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were acquired at an average cost of GBX 231 ($2.83) per share, for a total transaction of £49,665 ($60,856.51). In other Watkin Jones news, insider Alan Giddins acquired 21,500 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were purchased at an average cost of GBX 231 ($2.83) per share, for a total transaction of £49,665 ($60,856.51). Also, insider Richard Simpson sold 63,793 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of GBX 232 ($2.84), for a total transaction of £147,999.76 ($181,350.03).

About Watkin Jones

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Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom. The company operates through Student Accommodation, Build to Rent, Affordable Homes, and Accommodation Management segments. 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 property.