Judges Scientific (LON:JDG) Price Target Cut to GBX 7,900 by Analysts at Berenberg Bank

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 target price lowered by research analysts at Berenberg Bank from £106 ($140.55) to GBX 7,900 ($104.75) in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 31.67% from the stock's previous close.

Separately, Shore Capital restated a "house stock" rating on shares of Judges Scientific in a report on Thursday, July 24th.

Judges Scientific Trading Up 1.4%

Shares of LON JDG traded up GBX 80 ($1.06) during trading on Monday, reaching GBX 6,000 ($79.55). The company had a trading volume of 58,456 shares, compared to its average volume of 21,463. The stock has a market cap of £393.91 million, a P/E ratio of 26.38, a PEG ratio of 0.56 and a beta of 0.83. The company's fifty day moving average price is GBX 8,064.52 and its 200-day moving average price is GBX 7,549.19. The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 70.79. Judges Scientific has a 12 month low of GBX 5,900 ($78.23) and a 12 month high of £112.25 ($148.83).

Insider Buying and Selling

In other news, insider David Cicurel sold 315 shares of Judges Scientific stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of GBX 6,400 ($84.86), for a total transaction of £20,160 ($26,730.31). Also, insider Charles Holroyd bought 524 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average price of GBX 6,675 ($88.50) per share, with a total value of £34,977 ($46,376.29). 18.75% of the stock is owned by 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.