Watkin Jones (LON:WJG) Stock Price Up 14.7% - Time to Buy?

Key Points

• Watkin Jones Plc's stock price increased by 14.7%, reaching GBX 34.28 ($0.46) after trading about 1.8 million shares, a 22% rise in volume from its daily average.
• Peel Hunt has restated a “buy” rating for the stock, with a price target of GBX 38, contributing to an overall consensus rating of “Buy” from analysts.
• The company specializes in property development and management for residential use in the UK, including sectors such as student accommodation and build to rent properties.

Shares of Watkin Jones Plc (LON:WJG - Get Free Report) rose 14.7% on Tuesday . The company traded as high as GBX 34.28 ($0.46) and last traded at GBX 34.28 ($0.46). Approximately 1,824,598 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 1,494,029 shares. The stock had previously closed at GBX 29.90 ($0.40).

Analyst Ratings Changes

Separately, Peel Hunt restated a "buy" rating and issued a GBX 38 price objective on shares of Watkin Jones in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Watkin Jones presently has a consensus rating of "Buy" and an average target price of GBX 38.

Watkin Jones Stock Up 17.1%

The firm has a market capitalization of £89.83 million, a price-to-earnings ratio of -23,648.65 and a beta of 1.38. The business has a 50 day simple moving average of GBX 28.36 and a 200-day simple moving average of GBX 29.92. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.55 and a current ratio of 2.41.

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/private rental sector property.

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