Watkin Jones (LON:WJG) Shares Up 14.7% – Here’s Why

Watkin Jones Plc (LON:WJG)’s stock price shot up 14.7% during trading on Tuesday . The stock traded as high as GBX 34.28 ($0.46) and last traded at GBX 34.28 ($0.46). 1,824,598 shares changed hands during trading, an increase of 22% from the average session 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 target on shares of Watkin Jones in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 38.

Watkin Jones Stock Performance

The company has a debt-to-equity ratio of 41.00, a current ratio of 2.41 and a quick ratio of 1.55. The company’s fifty day simple moving average is GBX 28.70 and its two-hundred day simple moving average is GBX 29.98. The stock has a market cap of £87.12 million, a price-to-earnings ratio of -22,935.81 and a beta of 1.38.

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.