Watkin Jones (WJG) PT Raised to GBX 265 at Peel Hunt

Watkin Jones (LON:WJG) had its target price boosted by Peel Hunt from GBX 250 ($3.27) to GBX 265 ($3.46) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Separately, Jefferies Financial Group reaffirmed a buy rating on shares of Watkin Jones in a research note on Tuesday, April 9th.

WJG stock opened at GBX 228.80 ($2.99) on Tuesday. The stock has a market capitalization of $571.26 million and a price-to-earnings ratio of 13.23. The company has a debt-to-equity ratio of 17.31, a quick ratio of 1.23 and a current ratio of 2.44. 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 business also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 2.75 ($0.04) per share. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, June 6th. Watkin Jones’s payout ratio is 0.58%.

In other news, insider Philip Byrom sold 10,000 shares of Watkin Jones stock in a transaction dated 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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