Johnson Service Group (LON:JSG) Stock Jumps 0.7% – Here’s What Happened

Johnson Service Group PLC (LON:JSG)’s stock price was up 0.7% during mid-day trading on Tuesday. The stock traded as high as GBX 150 and last traded at GBX 147.50. Approximately 308,684 shares were traded during mid-day trading, a decline of 94% from the average session volume of 4,786,069 shares. The stock had previously closed at GBX 146.50.

Wall Street Analysts Forecast Growth

JSG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Johnson Service Group from GBX 210 to GBX 200 and set a “buy” rating for the company in a report on Monday, October 12th. Peel Hunt restated a “buy” rating and issued a GBX 178 price objective on shares of Johnson Service Group in a research note on Monday, July 13th. Finally, Berenberg Bank dropped their price objective on Johnson Service Group from GBX 205 to GBX 200 and set a “buy” rating on the stock in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 182.

Johnson Service Group Stock Performance

The company has a debt-to-equity ratio of 72.41, a current ratio of 1.02 and a quick ratio of 0.80. The stock’s 50-day simple moving average is GBX 140.44 and its 200 day simple moving average is GBX 142.58. The stock has a market capitalization of £514.87 million, a P/E ratio of 15.53, a PEG ratio of 10.18 and a beta of 1.03.

Johnson Service Group (LON:JSG) last released its quarterly earnings data on Tuesday, September 8th. The company reported GBX 5 EPS for the quarter. Johnson Service Group had a net margin of 6.98% and a return on equity of 13.74%.

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.