Berenberg Bank Has Lowered Expectations for Judges Scientific (LON:JDG) Stock Price

Key Points

• Berenberg Bank has lowered its price target for Judges Scientific from £106 to GBX 7,900, maintaining a "buy" rating with a potential upside of 19.88% from the stock's previous close.
• Judges Scientific shares currently trade at GBX 6,590, marking a slight decrease of 0.2% on the day; they have a market capitalization of £432.65 million.
• In insider trading news, Charles Holroyd purchased 524 shares of Judges Scientific at an average price of GBX 6,675, increasing corporate insider ownership to 18.75%.

Judges Scientific (LON:JDG - Get Free Report) had its price target lowered by analysts at Berenberg Bank from £106 ($142.43) to GBX 7,900 ($106.15) in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 19.88% from the stock's previous close.

Separately, Shore Capital restated a "house stock" rating on shares of Judges Scientific in a report on Thursday.

Judges Scientific Stock Down 0.2%

Shares of LON:JDG opened at GBX 6,590 ($88.55) on Monday. The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 70.79. The company has a market capitalization of £432.65 million, a P/E ratio of 28.97, a P/E/G ratio of 0.56 and a beta of 0.83. Judges Scientific has a 52-week low of GBX 5,900 ($79.28) and a 52-week high of £112.25 ($150.83). The stock's fifty day simple moving average is GBX 8,190.92 and its 200-day simple moving average is GBX 7,578.83.

Insider Buying and Selling at Judges Scientific

In other Judges Scientific news, insider Charles Holroyd acquired 524 shares of the stock in a transaction dated Thursday, July 24th. The stock was acquired at an average price of GBX 6,675 ($89.69) per share, with a total value of £34,977 ($46,999.46). 18.75% of the stock is currently owned by corporate insiders.

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 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.

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