Berenberg Bank Cuts Judges Scientific (LON:JDG) Price Target to £113.10

Judges Scientific (LON:JDG) had its price objective decreased by Berenberg Bank from £124 ($155.45) to £113.10 ($141.78) in a research note released on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group started coverage on Judges Scientific in a report on Tuesday, September 3rd. They issued a “buy” rating and a £122.30 ($153.32) price objective for the company. Shore Capital restated a “house stock” rating on shares of Judges Scientific in a research note on Thursday, September 19th.

Judges Scientific Price Performance

JDG opened at GBX 8,660 ($108.56) on Tuesday. Judges Scientific has a 1 year low of GBX 8,000 ($100.29) and a 1 year high of £122.50 ($153.57). The company has a debt-to-equity ratio of 70.71, a current ratio of 1.97 and a quick ratio of 0.65. The stock’s 50 day simple moving average is GBX 9,500.51 and its 200 day simple moving average is £102.31. The firm has a market cap of £575.02 million, a price-to-earnings ratio of 4,534.03, a PEG ratio of 0.56 and a beta of 0.83.

Judges Scientific Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 10th were paid a dividend of GBX 29.70 ($0.37) per share. This represents a yield of 0.29%. The ex-dividend date was Thursday, October 10th. Judges Scientific’s payout ratio is 5,130.89%.

Insider Buying and Selling at Judges Scientific

In related news, insider Bradley Leonard Ormsby sold 230 shares of Judges Scientific stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 8,900 ($111.57), for a total value of £20,470 ($25,661.28). Also, insider David Cicurel sold 60,000 shares of Judges Scientific stock in a transaction on Thursday, September 26th. The stock was sold at an average price of GBX 1,000 ($12.54), for a total value of £600,000 ($752,162.47). Over the last 90 days, insiders purchased 9 shares of company stock worth $92,769 and sold 86,021 shares worth $304,482,400. 18.75% of the stock is owned by company insiders.

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.