Judges Scientific (LON:JDG) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Judges Scientific (LON:JDG) in a research report sent to investors on Thursday morning, Marketbeat reports. The firm currently has a £124 ($163.80) target price on the stock.

JDG has been the topic of several other reports. Shore Capital restated a house stock rating on shares of Judges Scientific in a research note on Thursday, August 29th. Jefferies Financial Group initiated coverage on Judges Scientific in a report on Tuesday, September 3rd. They set a buy rating and a £122.30 ($161.56) price objective on the stock.

Judges Scientific Stock Performance

LON:JDG opened at GBX 9,965 ($131.64) on Thursday. The firm’s 50-day moving average is £104.51 and its 200-day moving average is £107.30. The company has a market cap of £661.68 million, a price-to-earnings ratio of 6,847.22, a PEG ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 79.06, a quick ratio of 0.65 and a current ratio of 1.87. Judges Scientific has a 52-week low of GBX 7,300 ($96.43) and a 52-week high of £122.50 ($161.82).

Judges Scientific Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 10th will be given a dividend of GBX 29.70 ($0.39) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 0.29%. Judges Scientific’s dividend payout ratio (DPR) is currently 6,597.22%.

Insider Buying and Selling

In related news, insider Bradley Leonard Ormsby acquired 4 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of £110 ($145.31) per share, with a total value of £440 ($581.24). Company insiders own 21.88% of the company’s stock.

About Judges Scientific

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.