Watkin Jones Plc (LON:WJG – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 33.93 ($0.44) and traded as low as GBX 25.35 ($0.33). Watkin Jones shares last traded at GBX 26.70 ($0.35), with a volume of 1,321,660 shares.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 50 ($0.65) target price on shares of Watkin Jones in a report on Monday, July 29th.
Check Out Our Latest Report on Watkin Jones
Watkin Jones Price Performance
Insider Transactions at Watkin Jones
In other news, insider Alan Giddins bought 157,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of GBX 32 ($0.42) per share, for a total transaction of £50,240 ($65,750.56). Insiders own 11.01% of the company’s stock.
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.
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