Judges Scientific’s (JDG) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Judges Scientific (LON:JDG) in a research note released on Wednesday morning, MarketBeat reports. They currently have a £106 ($137.20) price target on the stock.

Separately, Shore Capital restated a “house stock” rating on shares of Judges Scientific in a report on Wednesday, March 19th.

Judges Scientific Stock Performance

Shares of LON JDG opened at GBX 8,110 ($104.97) on Wednesday. The business’s 50-day simple moving average is GBX 7,520.38 and its 200-day simple moving average is GBX 8,534.56. The company has a debt-to-equity ratio of 70.79, a quick ratio of 0.65 and a current ratio of 1.97. Judges Scientific has a 52 week low of GBX 6,760 ($87.50) and a 52 week high of £122.50 ($158.56). The firm has a market cap of £532.44 million, a price-to-earnings ratio of 35.66, a P/E/G ratio of 0.56 and a beta of 0.83.

Judges Scientific (LON:JDG) last issued its quarterly earnings data on Wednesday, March 19th. The company reported GBX 283.40 ($3.67) earnings per share for the quarter. Judges Scientific had a net margin of 10.99% and a return on equity of 17.56%. As a group, equities research analysts expect that Judges Scientific will post 402.5824271 earnings per share for the current fiscal year.

Judges Scientific Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 12th will be given a GBX 74.80 ($0.97) dividend. This represents a dividend yield of 1.01%. This is a boost from Judges Scientific’s previous dividend of $29.70. The ex-dividend date of this dividend is Thursday, June 12th. Judges Scientific’s dividend payout ratio is currently 43.09%.

About Judges Scientific

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group now consists of 22 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.