John Laing Group PLC (JLG) Earns “Overweight” Rating from Barclays PLC
John Laing Group PLC (LON:JLG)‘s stock had its “overweight” rating reissued by equities researchers at Barclays PLC in a research note issued on Monday. They currently have a GBX 315 ($4.11) target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 15.60% from the company’s previous close.
A number of other research firms also recently weighed in on JLG. Beaufort Securities restated a “buy” rating on shares of John Laing Group PLC in a research note on Friday, August 26th. HSBC lifted their target price on John Laing Group PLC from GBX 275 ($3.59) to GBX 315 ($4.11) and gave the stock a “buy” rating in a research note on Friday, August 26th. Finally, Berenberg Bank initiated coverage on John Laing Group PLC in a research note on Thursday, June 23rd. They set a “buy” rating and a GBX 280 ($3.65) target price for the company. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of GBX 295 ($3.85).
Shares of John Laing Group PLC (LON:JLG) opened at 272.4134 on Monday. The company’s market capitalization is GBX 999.55 million. The firm has a 50-day moving average price of GBX 256.72 and a 200-day moving average price of GBX 229.98. John Laing Group PLC has a 12 month low of GBX 185.60 and a 12 month high of GBX 276.10.
The firm also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 29th will be paid a dividend of GBX 1.85 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.73%.
In other news, insider Brousse,Olivier purchased 5,815 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average cost of GBX 256 ($3.34) per share, with a total value of £14,886.40 ($19,431.41).
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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