John Laing Group’s (JLG) “Buy” Rating Reaffirmed at Peel Hunt
Separately, HSBC downgraded shares of John Laing Group to a hold rating and upped their price objective for the company from GBX 358 ($4.68) to GBX 389 ($5.08) in a research note on Thursday, March 7th.
LON JLG opened at GBX 378.40 ($4.94) on Wednesday. John Laing Group has a 12 month low of GBX 251 ($3.28) and a 12 month high of GBX 393.60 ($5.14). The company has a debt-to-equity ratio of 4.14, a current ratio of 0.16 and a quick ratio of 0.14. The stock has a market cap of $1.87 billion and a PE ratio of 6.06.
In related news, insider Nicholas Toby Hiscock sold 5,292 shares of the stock in a transaction that occurred 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). Also, insider Olivier Brousse sold 3,419 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of GBX 389 ($5.08), for a total transaction of £13,299.91 ($17,378.69).
About John Laing Group
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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