John Laing Group (LON:JLG) had its price target cut by analysts at Peel Hunt from GBX 451 ($5.89) to GBX 440 ($5.75) in a research report issued to clients and investors on Thursday, LSE.Co.UK reports. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective indicates a potential upside of 22.49% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. Peel Hunt restated a “buy” rating and issued a GBX 440 ($5.75) price objective (down from GBX 451 ($5.89)) on shares of John Laing Group in a research note on Monday. Barclays assumed coverage on shares of John Laing Group in a research note on Monday, July 1st. They issued an “equal weight” rating and a GBX 430 ($5.62) price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 424.80 ($5.55).
Shares of John Laing Group stock traded down GBX 21.60 ($0.28) on Thursday, reaching GBX 359.20 ($4.69). The stock had a trading volume of 2,776,002 shares, compared to its average volume of 576,925. The business’s 50-day moving average price is GBX 383.20 and its two-hundred day moving average price is GBX 382.62. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.14 and a current ratio of 0.16. John Laing Group has a fifty-two week low of GBX 285 ($3.72) and a fifty-two week high of GBX 403.40 ($5.27). The stock has a market cap of $1.77 billion and a P/E ratio of 5.76.
John Laing Group plc, an investment holding company, originates, invests in, and manages greenfield infrastructure projects. It operates through Primary Investment, Secondary Investment, and Asset Management segments. The company originates, invests in, and manages social, transport, and environmental infrastructure projects under government backed public-private partnership programs in the Asia Pacific, North America, Contiental Europe, and the United Kingdom; and invests in and manages solar PV parks, onshore and offshore wind farm projects, and biomass plants in the United Kingdom, Irish, French, German, Swedish, and Australian markets.
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