Watkin Jones (LON:WJG) Reaches New 12-Month Low at $38.35

Watkin Jones Plc (LON:WJG) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 38.35 ($0.48) and last traded at GBX 40 ($0.50), with a volume of 1318527 shares trading hands. The stock had previously closed at GBX 42.65 ($0.53).

Analysts Set New Price Targets

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

Watkin Jones Stock Performance

The business’s fifty day moving average price is GBX 50.45 and its 200-day moving average price is GBX 72.18. The stock has a market cap of £102.58 million, a PE ratio of 426.50 and a beta of 1.06. The company has a debt-to-equity ratio of 51.79, a quick ratio of 1.55 and a current ratio of 2.88.

Insider Activity at Watkin Jones

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

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 property.