John Laing Group (JLG) Reaches New 1-Year High at $391.80

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Shares of John Laing Group PLC (LON:JLG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 391.80 ($5.12) and last traded at GBX 391.20 ($5.11), with a volume of 379201 shares trading hands. The stock had previously closed at GBX 385.40 ($5.04).

A number of equities analysts have commented on the stock. HSBC cut shares of John Laing Group to a “hold” rating and lifted their price objective for the stock from GBX 358 ($4.68) to GBX 389 ($5.08) in a research note on Thursday, March 7th. Peel Hunt lifted their price objective on shares of John Laing Group from GBX 400 ($5.23) to GBX 451 ($5.89) and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 4.14. The company has a market capitalization of $1.91 billion and a P/E ratio of 6.22.

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 18th will be issued a GBX 7.70 ($0.10) dividend. This is an increase from John Laing Group’s previous dividend of $1.80. This represents a dividend yield of 2.05%. The ex-dividend date is Thursday, April 18th. John Laing Group’s dividend payout ratio is 0.10%.

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About John Laing Group (LON:JLG)

John Laing Group plc, an investment holding company, originates, invests in, and manages greenfield infrastructure projects. It operates through Primary Investment, Secondary Investment, and Asset Management segments. The company originates, invests in, and manages social, transport, and environmental infrastructure projects under government backed public-private partnership programs in the Asia Pacific, North America, Contiental Europe, and the United Kingdom; and invests in and manages solar PV parks, onshore and offshore wind farm projects, and biomass plants in the United Kingdom, Irish, French, German, Swedish, and Australian markets.

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