Johnson Service Group (LON:JSG) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Johnson Service Group's stock price has risen above its 200-day moving average of GBX 140.09, indicating a potential positive trend in trading.
• Berenberg Bank reiterated a "buy" rating" for the company, setting a price target of GBX 195, while the consensus rating among analysts remains a "Buy" with an average target of GBX 200.
• The company exhibits strong performance metrics, with a market capitalization of £553.40 million and a notable debt-to-equity ratio of 44.23.

Johnson Service Group PLC (LON:JSG - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 140.09 ($1.88) and traded as high as GBX 140.28 ($1.88). Johnson Service Group shares last traded at GBX 139 ($1.86), with a volume of 1,856,471 shares trading hands.

Wall Street Analysts Forecast Growth

JSG has been the subject of several recent research reports. Royal Bank Of Canada boosted their target price on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the stock a "sector perform" rating in a research report on Wednesday. Berenberg Bank reissued a "buy" rating and set a GBX 195 target price on shares of Johnson Service Group in a research report on Tuesday. Two investment 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 presently has an average rating of "Moderate Buy" and a consensus target price of GBX 186.67.

Johnson Service Group Stock Down 1.2%

The firm has a market capitalization of £594.01 million, a price-to-earnings ratio of 1,776.19, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00. The business's 50 day moving average is GBX 143.67 and its 200-day moving average is GBX 140.17.

Johnson Service Group (LON:JSG - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Johnson Service Group had a net margin of 6.29% and a return on equity of 10.95%.

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.