John Laing (JLG.L) 31-01-20
Will John Laing (JLG.L) fall beyond the 358p support level, or will we see a retest of 400p? (+10%)
- The stock is near support at 358p, now trading at 360.6p (at time of writing).
- Whilst the past does not always repeat itself, the support level has held up well.
- From here, will buying pressure return to drive the price back to 400p? (+10%).
- As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
- Shares -10% from 12-month highs; +2% from 12 month lows.
Latest News
23 Jan: John Laing announced that CEO Olivier Brousse plans to leave the company to join Veolia.
24 Dec: John Laing will put AUD51.5m (£28m) worth of investment into an energy-from-waste plant in Australia, taking the company’s investment commitments for the year 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