Watkin Jones (LON:WJG) Trading Down 0.5% – Time to Sell?

Watkin Jones Plc (LON:WJG)’s share price was down 0.5% on Wednesday . The company traded as low as GBX 28.05 and last traded at GBX 29.10. Approximately 549,935 shares were traded during trading, an increase of 29% from the average daily volume of 427,416 shares. The stock had previously closed at GBX 29.25.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 38 price objective on shares of Watkin Jones in a research note on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Watkin Jones currently has a consensus rating of “Buy” and an average target price of GBX 38.

Watkin Jones Stock Down 0.5%

The company has a current ratio of 2.41, a quick ratio of 1.55 and a debt-to-equity ratio of 41.00. The stock’s 50-day moving average is GBX 28.02 and its 200-day moving average is GBX 28.60. The company has a market cap of £74.69 million, a price-to-earnings ratio of -8.89 and a beta of 1.38.

Watkin Jones (LON:WJG) last posted its quarterly earnings results on Tuesday, December 16th. The company reported GBX 2.29 EPS for the quarter. Watkin Jones had a negative net margin of 6.99% and a negative return on equity of 22.95%. On average, analysts anticipate that Watkin Jones Plc will post 2.9042225 earnings per share for the current fiscal year.

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. The company was formerly known as Watkin Jones Limited and changed its name to Watkin Jones Plc in March 2016.