Peel Hunt Reaffirms Buy Rating for Watkin Jones (LON:WJG)

Watkin Jones (LON:WJG)‘s stock had its “buy” rating reiterated by Peel Hunt in a report issued on Thursday, April 4th, Digital Look reports. They currently have a GBX 250 ($3.27) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 10.38% from the company’s previous close.

Shares of WJG traded up GBX 4.50 ($0.06) during trading hours on Thursday, reaching GBX 226.50 ($2.96). 1,208,572 shares of the company traded hands, compared to its average volume of 648,788. The firm has a market capitalization of $577.63 million and a P/E ratio of 13.09. Watkin Jones has a 12-month low of GBX 185.40 ($2.42) and a 12-month high of GBX 238.50 ($3.12). The company has a current ratio of 2.44, a quick ratio of 1.23 and a debt-to-equity ratio of 17.31.

In other news, insider Philip Byrom sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of GBX 225 ($2.94), for a total transaction of £22,500 ($29,400.24).

About Watkin Jones

Watkin Jones plc engages in the development and the management of properties for residential occupation in the United Kingdom. It develops and constructs multi occupancy property assets focusing on student accommodations. The company operates through Student Accommodation, Build To Rent, Residential, and Accommodation Management segments.

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