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John Laing an undervalued growth stock, says HSBC

22 September 2017 15:31

HSBC has taken a positive view of John Laing Group (LON:JLG), specifically highlighting its rising pool of investment opportunities in infrastructure and renewable energy, as well as believing it to be an undervalued growth stock.

The bank said it is forecasting 12 per cent compound growth in net asset value through its 2019 forecast horizon.

It reckons this will be achieved through "mostly internally generated value creation in primary investments in infrastructure PPP (Public Private Partnerships) and renewable energy (RE) and their sale to secondary funds".

Analysts initiated coverage on the stock with a buy rating and 340 pence per share target price. At 3:31pm: (LON:JLG) John Laing Group Plc share price was +3.6p at 291.6p

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