Watkin Jones (LON:WJG) Trading Up 14.7% - Should You Buy?

Key Points

• Watkin Jones Plc's stock rose by 14.7% to GBX 34.28 ($0.46), with a trading volume of 1,824,598 shares, significantly higher than its average volume.
• Peel Hunt reiterated a "buy" rating for the stock, setting a price target of GBX 38, contributing to an average consensus rating of "Buy".
• The company operates in property development and management for residential use, encompassing segments such as Student Accommodation and Affordable Homes.

Watkin Jones Plc (LON:WJG - Get Free Report)'s stock price was up 14.7% during trading 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 were traded 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).

Wall Street Analyst Weigh In

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

Watkin Jones Price Performance

The company has a quick ratio of 1.55, a current ratio of 2.41 and a debt-to-equity ratio of 41.00. The business's 50-day moving average is GBX 28.36 and its two-hundred day moving average is GBX 29.92. The company has a market capitalization of £89.83 million, a P/E ratio of -23,648.65 and a beta of 1.38.

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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