Jefferies initiates coverage on Australia's Johns Lyng with "hold" rating

Johns Lyng

02/10/2023 21:59

** Analysts at Jefferies initiate coverage on Australia's
Johns Lyng Group  JLG.AX  with "hold" rating
    ** Brokerage gives a price target of A$6.50 for the building
services provider 
    ** Brokerage sees weakening FY24-25 EPS growth for co but
still forecasts a premium valuation   
    ** Eight of 11 analysts rate the stock "buy" or higher, two
"hold" and one "sell" 
    ** Co's median price target is A$7.40 – LSEG data
    ** Stock had risen 5.7% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))