Berenberg Bank Cuts Judges Scientific (LON:JDG) Price Target to GBX 5,600

Judges Scientific (LON:JDG) had its price target reduced by Berenberg Bank from GBX 7,900 to GBX 5,600 in a report published on Thursday, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 7,380 price objective on shares of Judges Scientific in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 6,490.

Judges Scientific Price Performance

JDG stock opened at GBX 4,822.41 on Thursday. The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 70.79. The company has a market capitalization of £320.74 million, a P/E ratio of 29.59, a PEG ratio of 0.56 and a beta of 0.83. The business has a 50 day simple moving average of GBX 5,512.94 and a 200-day simple moving average of GBX 6,047.86. Judges Scientific has a twelve month low of GBX 4,400 and a twelve month high of GBX 9,120.

Judges Scientific Company Profile

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. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen’s Awards for innovation and export.

The Group’s companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash.