Johnson Service Group (LON:JSG) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Johnson Service Group PLC (LON:JSG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 143.21 and traded as high as GBX 150.70. Johnson Service Group shares last traded at GBX 147.29, with a volume of 690,291 shares changing hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 150 target price on shares of Johnson Service Group in a research note on Friday, May 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 205 price target on shares of Johnson Service Group in a report on Monday, July 13th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 178 price objective on shares of Johnson Service Group in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 177.67.

Johnson Service Group Stock Down 0.1%

The stock has a market capitalization of £536.33 million, a PE ratio of 15.98, a PEG ratio of 10.18 and a beta of 1.03. The firm’s fifty day moving average is GBX 153.87 and its 200-day moving average is GBX 143.23. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 61.87.

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.