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

Judges Scientific plc (LON:JDG) shares fell 10.5% during mid-day trading 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. 234,915 shares were traded during mid-day trading, an increase of 711% from the average session volume of 28,976 shares. The stock had previously closed at GBX 5,740.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 7,380 price target on shares of Judges Scientific in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 6,490.

Judges Scientific Stock Down 11.5%

The company has a debt-to-equity ratio of 70.79, a quick ratio of 0.65 and a current ratio of 1.97. The firm’s 50-day simple moving average is GBX 5,521.04 and its 200 day simple moving average is GBX 6,097.35. The company has a market cap of £337.88 million, a P/E ratio of 31.17, a PEG ratio of 0.56 and a beta of 0.83.

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.