Is John Laing Group (LON:JLG) Now a Sell? RBC Capital Markets Downgrades Stock


John Laing Group (LON:JLG) Receives a Downgrade

RBC Capital Markets has issued an update for John Laing Group (LON:JLG) shares with a new Neutral rating in a very recent research note announced on Monday, 7 December. Their target price per share on the stock is now GBX 120.00.

From a total of 3 analysts covering John Laing Group Plc (LON:JLG) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is GBX 250 while the lowest target price is GBX 230. The mean of all analyst targets is GBX 240 with a 21.29% above today’s (GBX 202) stock price. John Laing Group Plc was the topic of 4 analyst reports since August 28, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 11 with “Overweight” rating. Beaufort Securities maintained JLG stock in a recent report from August 28 with “Buy” rating.

Approximately 277,517 shares of stock traded hands. John Laing Group PLC (LON:JLG) has declined 9.03% since May 8, 2015 and is downtrending. It has underperformed by 7.96% the S&P500.

 Is John Laing Group (LON:JLG) Now a Sell? RBC Capital Markets Downgrades Stock

John Laing Group plc, formerly Henderson Infrastructure Holdco Limited, is an originator, active investor and manager of international infrastructure projects. The company has a market cap of 741.18 million GBP. The Firm operates through divisions, including Primary Investment, Secondary Investment and Asset Management. It has 14.32 P/E ratio. The Company’s Primary Investment activities involve sourcing and originating, bidding for and winning greenfield infrastructure projects, as part of a consortium for Public-Private Partnership (PPP) projects.