Jefferies analyst Vanessa Jeffriess maintained a Buy rating on Judges Scientific today and set a price target of p7,380.00.
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Vanessa Jeffriess has given her Buy rating due to a combination of factors surrounding the leadership transition at Judges Scientific. The appointment of Tim Prestidge as the new CEO is seen positively, given his strong track record within the company and his valuable experience from previous roles at Halma and Renishaw. This leadership change, while initially unsettling due to the departure of founder David Cicurel, is viewed as an opportunity to rejuvenate the company’s narrative.
Despite the challenges faced by the group over the past two years, the internal promotion of a well-regarded figure like Prestidge is expected to provide stability and potentially drive future growth. The decision to make the leadership change announcement a standalone event underscores the company’s strategic approach and confidence in the new direction. These factors collectively contribute to Jeffriess’s optimistic outlook on the stock.