Coverage on Australia’s building services provider, Johns Lyng (ASX:JLG), has been initiated by analysts at Jefferies, assigning a ‘hold’ rating to the company.

The brokerage has set a price target of A$6.50 for Johns Lyng (ASX:JLG).

Although the brokerage anticipates weakening EPS growth for Johns Lyng in FY24-25, they still predict a premium valuation for the company.

Of the 11 analysts, eight rate the stock ‘buy’ or higher, with two holding and one selling.

The company’s median price target, according to LSEG data, stands at A$7.40.

Johns Lyng’s (ASX:JLG) stock had seen a rise of 5.7% this year, at the time of the last close.

Johns Lyng is a renowned building services provider in Australia.