Judges Scientific (LON:JDG) Trading Down 10.5% Following Analyst Downgrade

Judges Scientific plc (LON:JDG)’s stock price was down 10.5% on Thursday after Berenberg Bank lowered their price target on the stock from GBX 7,900 to GBX 5,600. Berenberg Bank currently has a buy rating on the stock. Judges Scientific traded as low as GBX 5,100 and last traded at GBX 5,140. Approximately 234,915 shares changed hands during mid-day trading, an increase of 711% from the average daily volume of 28,976 shares. The stock had previously closed at GBX 5,740.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 7,380 price target on shares of Judges Scientific in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 6,490.

Judges Scientific Stock Performance

The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 70.79. The firm has a market capitalization of £337.88 million, a P/E ratio of 31.17, a P/E/G ratio of 0.56 and a beta of 0.83. The stock has a fifty day moving average of GBX 5,521.04 and a 200-day moving average of GBX 6,097.35.

Judges Scientific Company Profile

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group now consists of 23 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen’s Awards for innovation and export.

The Group’s companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash.