Johnson Service Group (LON:JSG) Given New GBX 170 Price Target at Berenberg Bank

Johnson Service Group (LON:JSG) had its price target boosted by Berenberg Bank from GBX 155 ($1.99) to GBX 170 ($2.18) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Johnson Service Group Stock Performance

LON JSG traded down GBX 2.60 ($0.03) on Tuesday, hitting GBX 133.40 ($1.71). 540,209 shares of the company’s stock were exchanged, compared to its average volume of 618,482. The company has a debt-to-equity ratio of 41.24, a current ratio of 0.88 and a quick ratio of 0.80. The firm’s 50-day moving average price is GBX 141.45 and its two-hundred day moving average price is GBX 135.77. Johnson Service Group has a fifty-two week low of GBX 99 ($1.27) and a fifty-two week high of GBX 147.40 ($1.89). The firm has a market cap of £552.84 million, a price-to-earnings ratio of 1,667.50, a P/E/G ratio of 10.18 and a beta of 1.67.

Johnson Service Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be issued a GBX 1.90 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 1.34%. This is a boost from Johnson Service Group’s previous dividend of $0.90. Johnson Service Group’s dividend payout ratio is currently 3,750.00%.

Insider Buying and Selling

In other news, insider Peter Egan purchased 65,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of GBX 137 ($1.76) per share, for a total transaction of £89,050 ($114,093.53). Insiders own 1.48% of the company’s stock.

Johnson Service Group Company Profile

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company operates through two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment supplies workwear garments and protective wear, and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundering services.