Judges Scientific (LON:JDG) Price Target Cut to £113.10 by Analysts at Berenberg Bank

Judges Scientific (LON:JDG) had its target price decreased by Berenberg Bank from £124 ($157.36) to £113.10 ($143.53) in a report issued on Tuesday morning,London Stock Exchange reports. Berenberg Bank currently has a buy rating on the stock.

A number of other analysts have also recently commented on JDG. Jefferies Financial Group started coverage on shares of Judges Scientific in a report on Tuesday, September 3rd. They set a “buy” rating and a £122.30 ($155.20) target price for the company. Shore Capital reaffirmed a “house stock” rating on shares of Judges Scientific in a report on Thursday, September 19th.

Judges Scientific Trading Up 0.4 %

Shares of LON:JDG opened at GBX 9,100 ($115.48) on Tuesday. Judges Scientific has a 52-week low of GBX 8,000 ($101.52) and a 52-week high of £122.50 ($155.46). The stock has a market capitalization of £604.24 million, a price-to-earnings ratio of 4,764.40, a PEG ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 70.71, a quick ratio of 0.65 and a current ratio of 1.97. The stock’s 50-day simple moving average is GBX 9,607.11 and its two-hundred day simple moving average is £102.68.

Judges Scientific Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 10th were given a GBX 29.70 ($0.38) dividend. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 0.29%. Judges Scientific’s payout ratio is currently 5,130.89%.

Insider Transactions at Judges Scientific

In other Judges Scientific news, insider David Cicurel bought 3 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price of GBX 9,923 ($125.93) per share, with a total value of £297.69 ($377.78). Also, insider Ralph Elman sold 25,791 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of GBX 9,400 ($119.29), for a total value of £2,424,354 ($3,076,591.37). Over the last three months, insiders bought 9 shares of company stock valued at $92,769 and sold 86,021 shares valued at $304,482,400. Corporate insiders own 18.75% of the company’s stock.

Judges Scientific Company Profile

Judges Scientific plc designs, manufactures, and sells scientific instruments. The company offers engineering teaching and research equipment for universities, colleges, schools, and research centres; and research and development systems for food, beverage, dairy, edible oil, and pharmaceutical industries.