Watkin Jones (LON:WJG) Shares Pass Below 50 Day Moving Average of $50.45

Watkin Jones Plc (LON:WJG)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 50.45 ($0.63) and traded as low as GBX 42.17 ($0.53). Watkin Jones shares last traded at GBX 42.65 ($0.53), with a volume of 1,142,580 shares changing hands.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 140 ($1.75) price objective on shares of Watkin Jones in a research report on Tuesday, May 23rd.

Watkin Jones Stock Performance

The stock’s 50-day simple moving average is GBX 50.45 and its 200 day simple moving average is GBX 72.34. The company has a debt-to-equity ratio of 51.79, a quick ratio of 1.55 and a current ratio of 2.88. The company has a market capitalization of £109.37 million, a PE ratio of 426.50 and a beta of 1.06.

Insider Activity

In related news, insider Alan Giddins bought 416,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was acquired at an average price of GBX 47 ($0.59) per share, for a total transaction of £195,520 ($244,675.26). Company insiders own 10.48% of the company’s stock.

About Watkin Jones

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 property.