John Laing Group (JLG) Sets New 52-Week High at $116.00
Shares of John Laing Group PLC (LON:JLG) hit a new 52-week high on Tuesday . The stock traded as high as GBX 116 ($1.52) and last traded at GBX 381.80 ($4.99), with a volume of 354262 shares. The stock had previously closed at GBX 376.40 ($4.92).
Several brokerages recently weighed in on JLG. Peel Hunt reissued a “buy” rating on shares of John Laing Group in a research note on Wednesday, March 27th. HSBC cut shares of John Laing Group to a “hold” rating and boosted their price objective for the stock from GBX 358 ($4.68) to GBX 389 ($5.08) in a research note on Thursday, March 7th. Finally, Royal Bank of Canada raised shares of John Laing Group to an “outperform” rating and boosted their price objective for the stock from GBX 330 ($4.31) to GBX 425 ($5.55) in a research note on Monday, April 1st.
The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 4.14. The company has a market capitalization of $1.90 billion and a price-to-earnings ratio of 6.17.
In related news, insider Olivier Brousse sold 3,419 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of GBX 389 ($5.08), for a total value of £13,299.91 ($17,378.69). Also, insider Nicholas Toby Hiscock sold 5,292 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of GBX 378 ($4.94), for a total transaction of £20,003.76 ($26,138.46). In the last three months, insiders sold 13,365 shares of company stock worth $5,112,849.
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About John Laing Group (LON:JLG)
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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