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Watkin Jones ( (GB:WJG) ) has issued an announcement.
Watkin Jones has announced a joint venture with Maslow Capital to develop a new 784-bed purpose-built student accommodation scheme in Glasgow, valued at approximately £182 million. This transaction is expected to generate significant revenue for Watkin Jones, contributing to its financial performance in FY2025 and showcasing its ability to expand its portfolio of funding partners amidst the UK’s volatile residential development sector.
The most recent analyst rating on (GB:WJG) stock is a Hold with a £31.00 price target. To see the full list of analyst forecasts on Watkin Jones stock, see the GB:WJG Stock Forecast page.
Spark’s Take on GB:WJG Stock
According to Spark, TipRanks’ AI Analyst, GB:WJG is a Neutral.
The overall stock score is primarily influenced by mixed financial performance and positive technical indicators. The company’s stable capital structure and improved cash flow are positive, but declining revenue and profitability are concerns. Technical analysis shows bullish momentum, but valuation metrics are poor with a negative P/E ratio and no dividend yield.
To see Spark’s full report on GB:WJG stock, click here.
More about Watkin Jones
Watkin Jones is a leading UK developer and manager specializing in residential properties for rent, with a focus on purpose-built student accommodation (PBSA). The company is known for its extensive experience and successful track record in residential development and construction, and it aims to diversify its business model through innovative funding structures.
Average Trading Volume: 999,548
Technical Sentiment Signal: Sell
Current Market Cap: £78.79M
For a thorough assessment of WJG stock, go to TipRanks’ Stock Analysis page.