John Laing (JLG.L) 24-02-20
John Laing (JLG.L): will it break the 350p key support level, or bounce to highs of 400p (+13%)?
- Currently trading around the 350p support. The current price is 352.3p (at time of writing).
- Support levels like these are often used by traders to assist with decision making.
- Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
- Will the share price rally again to recent highs of 400p? (+13%).
- Shares -12% from 12-month highs; +1% from 12 month lows.
Latest News
23 Jan: John Laing announced that Olivier Brousse would leave his role as CEO to take up a senior role at Veolia.
24 Dec: John Laing will invest £28m in an energy-from-waste facility in Australia. Its total investment commitment in 2019 will therefore rise to around £185m.
13 Dec: Barclays Capital reiterates its equal weight rating on John Laing Group Plc (JLG) and increased the target price to 440p (from 430p).
13 Dec: HSBC reiterates its hold rating on John Laing Group Plc (JLG) and reduced the target price to 369p (from 389p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires