John Laing Group (LON:JLG) Hits New 52-Week High at $402.40

John Laing Group PLC (LON:JLG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 402.40 ($5.26) and last traded at GBX 400.60 ($5.23), with a volume of 445930 shares. The stock had previously closed at GBX 397.40 ($5.19).

Several analysts recently commented on JLG shares. Peel Hunt restated a “buy” rating on shares of John Laing Group in a research report on Wednesday, October 23rd. HSBC reaffirmed a “hold” rating on shares of John Laing Group in a report on Thursday. Finally, Peel Hunt decreased their price objective on shares of John Laing Group from GBX 451 ($5.89) to GBX 440 ($5.75) and set a “buy” rating for the company in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 424.80 ($5.55).

The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 4.88. The business has a 50-day simple moving average of GBX 370.53 and a 200-day simple moving average of GBX 374.34. The company has a market cap of $1.97 billion and a PE ratio of 12.58.

In other news, insider Luciana Germinario sold 11,451 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 356 ($4.65), for a total value of £40,765.56 ($53,267.42).

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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