Watkin Jones (LON:WJG) Stock Price Down 4.9% - Time to Sell?

Key Points

• Watkin Jones Plc shares fell by 4.9%, trading at GBX 29.85 ($0.40), with a substantial decrease in trading volume of 51% compared to their average.
• Analysts from Peel Hunt have reaffirmed a "buy" rating for the stock, setting a price target of GBX 38, with a consensus rating also indicating a "buy".
• The company, which operates in the property development sector in the UK, has a market capitalization of £76.61 million and a PE ratio of -201.69.

Watkin Jones Plc (LON:WJG - Get Free Report) dropped 4.9% during trading on Tuesday . The company traded as low as GBX 29.85 ($0.40) and last traded at GBX 29.85 ($0.40). Approximately 702,065 shares changed hands during trading, a decline of 51% from the average daily volume of 1,435,013 shares. The stock had previously closed at GBX 31.40 ($0.42).

Analyst Ratings Changes

Separately, Peel Hunt reaffirmed a "buy" rating and set a GBX 38 price objective on shares of Watkin Jones in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Watkin Jones currently has a consensus rating of "Buy" and a consensus target price of GBX 38.

Watkin Jones Stock Performance

The company has a market cap of £76.61 million, a PE ratio of -201.69 and a beta of 1.38. The firm's fifty day moving average is GBX 30.31 and its 200 day moving average is GBX 30.14. The company has a current ratio of 2.41, a quick ratio of 1.55 and a debt-to-equity ratio of 41.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.