John Laing Group PLC (JLG) Coverage Initiated by Analysts at Peel Hunt
Analysts at Peel Hunt started coverage on shares of John Laing Group PLC (LON:JLG) in a research report issued on Thursday. The brokerage set a “buy” rating and a GBX 344 ($4.30) price target on the stock. Peel Hunt’s target price indicates a potential upside of 25.92% from the company’s current price.
JLG has been the subject of a number of other research reports. Barclays PLC restated an “overweight” rating and issued a GBX 270 ($3.37) target price on shares of John Laing Group PLC in a report on Friday, August 26th. Royal Bank Of Canada increased their target price on John Laing Group PLC from GBX 270 ($3.37) to GBX 325 ($4.06) and gave the company an “outperform” rating in a report on Tuesday, October 25th. Beaufort Securities restated a “buy” rating on shares of John Laing Group PLC in a report on Friday, August 26th. Finally, HSBC increased their target price on John Laing Group PLC from GBX 275 ($3.44) to GBX 315 ($3.94) and gave the company a “buy” rating in a report on Friday, August 26th. Six investment analysts have rated the stock with a buy rating, John Laing Group PLC has a consensus rating of “Buy” and a consensus price target of GBX 318.80 ($3.98).
John Laing Group PLC (LON:JLG) opened at 276.000 on Thursday. The company has a 50 day moving average price of GBX 272.15 and a 200 day moving average price of GBX 241.46. The firm’s market cap is GBX 1.01 billion. John Laing Group PLC has a 1-year low of GBX 193.00 and a 1-year high of GBX 282.59.
The business also recently declared a dividend, which was paid on Friday, October 28th. Stockholders of record on Thursday, September 29th were paid a GBX 1.85 ($0.02) dividend. This represents a dividend yield of 0.73%. The ex-dividend date was Thursday, September 29th.
In related news, insider Brousse,Olivier purchased 5,815 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of GBX 256 ($3.20) per share, with a total value of £14,886.40 ($18,598.70).
About John Laing Group PLC
John Laing Group plc, formerly Henderson Infrastructure Holdco (UK) Limited, is an originator and active investor and manager of greenfield infrastructure projects. The Company operates through segments, including Primary Investment, Secondary Investment and Asset Management. Its Primary Investment segment includes costs and cost recoveries associated with originating, bidding for and winning greenfield infrastructure and renewable energy projects.
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