Judges Scientific (JDG)

Sector:

Engineering

Index:

FTSE AIM 100

10,650.00p
   
  • Change Today:
    -50.00p
  • 52 Week High: 10,800.00
  • 52 Week Low: 7,400.00
  • Currency: UK Pounds
  • Shares Issued: 6.62m
  • Volume: 7,864
  • Market Cap: £704.78m
  • RiskGrade: 163

Berenberg starts Judges Scientific at 'buy'

By Michele Maatouk

Date: Monday 09 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Berenberg initiated coverage of Judges Scientific on Monday with a 'buy' rating and 10,400p price target.
The bank said Judges is one of the highest quality companies in the UK mid-cap market, evidenced by its "stellar" track record.

It noted that between FY15 and FY22, revenue grew at an 11% compound annual growth rate and margins progressively improved by more than 1,000 basis points to 27% from 16%. In addition, over £150m has been deployed across 22 acquisitions since inception.

"We think Judges offers strong growth fundamentals, high margins and a significant opportunity to consolidate a fragmented market," Berenberg said.

It pointed out that Judges sells instruments into end-markets such as geotechnical engineering, research and advanced materials, which it said benefit from attractive structural drivers - for example, increasing enrolment in higher education and demand for superior materials performance.

"We estimate that these end-markets are growing at 3-7% per annum and that Judges will grow organically by at least 5% pa to FY25, which we view as impressive relative to our UK scientific instruments peer group.

"We think Judges' historical outperformance versus this group highlights management's strong track record of identifying quality companies under its buy-and-build strategy."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JDG Market Data

Currency UK Pounds
Share Price 10,650.00p
Change Today -50.00p
% Change -0.47 %
52 Week High 10,800.00
52 Week Low 7,400.00
Volume 7,864
Shares Issued 6.62m
Market Cap £704.78m
RiskGrade 163

JDG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.52% below the market average98.52% below the market average98.52% below the market average98.52% below the market average98.52% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Price Trend
81.01% above the market average81.01% above the market average81.01% above the market average81.01% above the market average81.01% above the market average
88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average
Income
95.31% below the market average95.31% below the market average95.31% below the market average95.31% below the market average95.31% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Growth
29.45% above the market average29.45% above the market average29.45% above the market average29.45% above the market average29.45% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JDG Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Oct-23 08-Jun-23
Paid 03-Nov-23 07-Jul-23
Amount 27.00p 59.00p

Trades for 01-Mar-2024

Time Volume / Share Price
16:35 318 @ 10,650.00p
16:35 13 @ 10,650.00p
16:35 16 @ 10,650.00p
16:35 341 @ 10,650.00p
16:35 23 @ 10,650.00p

JDG Key Personnel

Chair Alexander Hambro
CEO David Cicurel

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