Peel Hunt reiterated their add rating on shares of John Laing Group (LON:JLG) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also commented on JLG. Barclays increased their price objective on John Laing Group from GBX 430 ($5.66) to GBX 440 ($5.79) and gave the company an equal weight rating in a research report on Friday, December 13th. HSBC raised John Laing Group to a buy rating in a report on Tuesday, March 3rd. Finally, Peel Hunt restated a buy rating and issued a GBX 440 ($5.79) target price on shares of John Laing Group in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of GBX 414.80 ($5.46).
Shares of JLG stock opened at GBX 331.20 ($4.36) on Monday. The company has a quick ratio of 0.02, a current ratio of 0.03 and a debt-to-equity ratio of 14.48. The business has a 50-day moving average price of GBX 337.66 and a two-hundred day moving average price of GBX 362.18. John Laing Group has a 12-month low of GBX 278.20 ($3.66) and a 12-month high of GBX 403.40 ($5.31). The firm has a market cap of $1.63 billion and a P/E ratio of 16.40.
The firm also recently announced a dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 23rd will be issued a dividend of GBX 7.66 ($0.10) per share. The ex-dividend date is Thursday, April 23rd. This represents a dividend yield of 2.14%. This is a positive change from John Laing Group’s previous dividend of $1.84. John Laing Group’s dividend payout ratio (DPR) is currently 0.30%.
In related news, insider Nicholas Toby Hiscock sold 5,516 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of GBX 363 ($4.78), for a total transaction of £20,023.08 ($26,339.23). Also, insider Luciana Germinario sold 6,250 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 336 ($4.42), for a total value of £21,000 ($27,624.31).
John Laing Group Company Profile
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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