Watkin Jones (LON:WJG) Stock Price Passes Below 50 Day Moving Average of $120.47

Watkin Jones Plc (LON:WJGGet Rating)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 120.47 ($1.42) and traded as low as GBX 96.96 ($1.14). Watkin Jones shares last traded at GBX 98.60 ($1.16), with a volume of 1,016,498 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price objective on shares of Watkin Jones from GBX 260 ($3.06) to GBX 175 ($2.06) and set a “buy” rating for the company in a research report on Wednesday, October 12th.

Watkin Jones Stock Down 2.9 %

The firm’s 50-day moving average price is GBX 120.47 and its 200-day moving average price is GBX 184.39. The company has a market cap of £245.45 million and a price-to-earnings ratio of 3,286.67. The company has a debt-to-equity ratio of 91.33, a current ratio of 3.28 and a quick ratio of 1.55.

Insider Transactions at Watkin Jones

In other Watkin Jones news, insider Richard Simpson acquired 14,695 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was bought at an average price of GBX 102 ($1.20) per share, with a total value of £14,988.90 ($17,613.28).

Watkin Jones Company Profile

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Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom. The company operates through Student Accommodation, Build to Rent, Affordable Homes, and Accommodation Management segments. 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 property.

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