Johnson Service Group (LON:JSG) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Johnson Service Group PLC (LON:JSG) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 141.33 and traded as low as GBX 136.20. Johnson Service Group shares last traded at GBX 141, with a volume of 54,034,977 shares changing hands.

Wall Street Analyst Weigh In

JSG has been the subject of a number of research reports. Peel Hunt reiterated a “buy” rating and issued a GBX 180 price objective on shares of Johnson Service Group in a research report on Wednesday, October 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 195 target price on shares of Johnson Service Group in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 178.33.

Johnson Service Group Stock Up 0.4%

The business has a fifty day moving average of GBX 136.92 and a 200 day moving average of GBX 141.15. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 44.23. The firm has a market cap of £535.67 million, a P/E ratio of 16.28, a P/E/G ratio of 10.18 and a beta of 1.80.

About Johnson Service Group

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.