Johnson Service Group (LON:JSG) Hits New 12-Month High – Here’s Why

Johnson Service Group PLC (LON:JSG) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 161 and last traded at GBX 156.80, with a volume of 245998 shares. The stock had previously closed at GBX 157.20.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JSG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 205 target price on shares of Johnson Service Group in a research report on Wednesday, March 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 150 target price on shares of Johnson Service Group in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 178.33.

Johnson Service Group Stock Down 1.1%

The firm has a 50 day moving average price of GBX 139.26 and a two-hundred day moving average price of GBX 138.22. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 61.87. The company has a market capitalization of £587.78 million, a price-to-earnings ratio of 16.90, a P/E/G ratio of 10.18 and a beta of 1.04.

Johnson Service Group Company Profile

Johnson Service Group provides high quality textile rental and related services across a range of sectors throughout the UK.

Our family of high quality businesses includes “Johnsons Workwear”, “Johnsons Hotel Linen”, “Johnsons Hotel, Restaurant & Catering Linen” and “Johnsons Restaurant & Catering Linen”, each of which provides a high-quality and reliable service combined with outstanding customer care.

Across our entire family, our priorities are always clear and everything we do centres on the core values of Johnson Service Group – quality, reliability and service.

A strategy to consistently create value for shareholders, deliver outstanding customer service and offer fulfilling careers to employees lies at the heart of our business.