Watkin Jones (LON:WJG) Hits New 12-Month Low – Here’s What Happened

Watkin Jones Plc (LON:WJG)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 24 ($0.30) and last traded at GBX 24.05 ($0.30), with a volume of 584239 shares changing hands. The stock had previously closed at GBX 24.25 ($0.31).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 50 ($0.63) price target on shares of Watkin Jones in a research note on Monday, July 29th.

Watkin Jones Price Performance

The stock’s 50-day moving average price is GBX 26.40 and its 200 day moving average price is GBX 39.63. The company has a quick ratio of 1.55, a current ratio of 2.44 and a debt-to-equity ratio of 51.35. The firm has a market capitalization of £61.47 million, a price-to-earnings ratio of -199.58 and a beta of 1.38.

Insider Activity at Watkin Jones

In other Watkin Jones news, insider Alan Giddins bought 157,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were acquired at an average cost of GBX 32 ($0.40) per share, with a total value of £50,240 ($63,314.43). 11.01% of the stock is owned by corporate 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/private rental sector property.