Johnson Service Group (LON:JSG) Share Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Shares passed below its 200-day moving average — the 200-day MA is GBX 138.23, the stock traded as low as GBX 130.35 and last at GBX 135.84 on a volume of 1,110,650 shares.
• Analyst sentiment is mildly positive: two Buys and one Hold give a MarketBeat average rating of "Moderate Buy" with an average target price of GBX 178.33 (Berenberg GBX 205, RBC GBX 150).
• Fundamentals: the company reported quarterly EPS of GBX 12.20, has a P/E of 14.58 and market cap of £509.2M, but shows liquidity below 1 (current ratio 0.93, quick ratio 0.80) and a debt-to-equity of 61.87%.

Shares of Johnson Service Group PLC (LON:JSG - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 138.23 and traded as low as GBX 130.35. Johnson Service Group shares last traded at GBX 135.84, with a volume of 1,110,650 shares trading hands.

Wall Street Analyst Weigh In

JSG has been the topic of a number of recent research reports. Berenberg Bank restated a "buy" rating and set a GBX 205 price objective on shares of Johnson Service Group in a research report on Wednesday, March 4th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 150 price objective on shares of Johnson Service Group in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Johnson Service Group presently has an average rating of "Moderate Buy" and an average target price of GBX 178.33.

Johnson Service Group Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 61.87. The stock has a market capitalization of £509.20 million, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 10.18 and a beta of 1.05. The stock has a 50 day moving average of GBX 136.76 and a 200-day moving average of GBX 138.23.

Johnson Service Group (LON:JSG - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 12.20 earnings per share (EPS) for the quarter. Johnson Service Group had a return on equity of 13.04% and a net margin of 6.93%.

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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