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

Key Points

• Johnson Service Group's share price fell below its 200-day moving average of GBX 142.30, trading as low as GBX 140 ($1.87) on Monday.
• Research analysts have rated the stock as a "Moderate Buy" with an average price target of GBX 178.33, following transactions by Berenberg Bank and Royal Bank of Canada.
• The company reported an earnings per share (EPS) of GBX 4.60 for the last quarter, with a return on equity of 10.95% and a net margin of 6.29%.

Johnson Service Group PLC (LON:JSG - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 142.30 ($1.90) and traded as low as GBX 140 ($1.87). Johnson Service Group shares last traded at GBX 142.40 ($1.90), with a volume of 603,541 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank reissued a "buy" rating and set a GBX 195 price objective on shares of Johnson Service Group in a research note on Friday, September 26th. Royal Bank Of Canada boosted their price objective on Johnson Service Group from GBX 155 to GBX 160 and gave the stock a "sector perform" rating in a research note on Wednesday, September 3rd. Finally, Peel Hunt reissued a "buy" rating and set a GBX 180 price objective on shares of Johnson Service Group in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 178.33.

Johnson Service Group Stock Performance

The stock has a market cap of £557.49 million, a P/E ratio of 1,634.48, a PEG ratio of 10.18 and a beta of 1.80. The business has a 50 day moving average price of GBX 144.85 and a 200 day moving average price of GBX 142.30. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 44.23.

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

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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