Johnson Service Group (LON:JSG) Stock Price Target Cut by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank lowered Johnson Service Group’s price target from GBX 210 to GBX 200 while maintaining a “buy” rating, implying 45% potential upside from the current share price.
• Analyst sentiment remains positive: the stock has three Buy ratings and one Hold rating, with a consensus rating of “Moderate Buy” and an average target price of GBX 182.
• Johnson Service Group shares opened at GBX 137.93, compared with a 12-month range of GBX 123.80 to GBX 172.10; the company most recently reported quarterly EPS of GBX 5.

Johnson Service Group (LON:JSG - Get Free Report) had its price objective cut by analysts at Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 200 in a research report issued to clients and investors on Monday, London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 45.00% from the stock's current price.

Other equities research analysts have also issued research reports about the company. Berenberg Bank reduced their target price 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. Peel Hunt reiterated a "buy" rating and set a GBX 178 target price on shares of Johnson Service Group in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 182.

Johnson Service Group Stock Performance

Shares of JSG opened at GBX 137.93 on Monday. Johnson Service Group has a 12-month low of GBX 123.80 and a 12-month high of GBX 172.10. The stock has a market cap of £492.67 million, a P/E ratio of 14.52, a PEG ratio of 10.18 and a beta of 1.03. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 72.41. The company has a 50-day moving average of GBX 141.40 and a two-hundred day moving average of GBX 143.26.

Johnson Service Group (LON:JSG - Get Free Report) last released its quarterly earnings results 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. 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.

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