Watkin Jones

Growth outlook extended to FY24; increasing price target to 282p

  • Sectors : Construction and Housebuilding
  • Companies : Watkin Jones

Ratings and price correct at time of issue.

  • Watkin Jones

    Closing Price: 242p

  • RATING 26/03/21

  • PREVIOUS RATING N/A

DAVY VIEW

Watkin Jones provided a Q3 trading update along with hosting its Capital Markets Day (CMD) on November 2nd, with both events highlighting the strength/resilience of its underlying business and growth potential. The day also included the launch of the group’s new ESG strategy. We have upgraded our FY24 numbers by circa 20%, which has increased our price target to 282p.

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Nov 8 2021, 07:00 GMT

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