Watkin Jones (LON:WJG) Stock Passes Below 50 Day Moving Average of $47.72

Watkin Jones Plc (LON:WJG) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 47.72 ($0.60) and traded as low as GBX 45 ($0.57). Watkin Jones shares last traded at GBX 46.90 ($0.59), with a volume of 371,057 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 50 ($0.63) target price on shares of Watkin Jones in a research report on Tuesday, May 21st.

Watkin Jones Stock Performance

The firm has a market cap of £122.20 million, a PE ratio of -360.77 and a beta of 1.33. The stock has a 50-day moving average price of GBX 47.72 and a 200 day moving average price of GBX 48.05. The company has a debt-to-equity ratio of 56.71, a current ratio of 2.32 and a quick ratio of 1.55.

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.