Johnson Service Group (LON:JSG) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• Johnson Service Group PLC's stock price crossed below its 200-day moving average, trading as low as GBX 135.40, before closing at GBX 138.40 with a volume of 767,622 shares.
• Analyst ratings remain optimistic, with Peel Hunt reiterating a "buy" rating" and setting a target price of GBX 180, while Berenberg Bank raised its target to GBX 195.
• The company reported earnings of GBX 4.60 per share, reflecting a net margin of 6.29% and a return on equity of 10.95% in its latest quarterly results.

Johnson Service Group PLC (LON:JSG - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 142.55 ($1.91) and traded as low as GBX 135.40 ($1.81). Johnson Service Group shares last traded at GBX 138.40 ($1.85), with a volume of 767,622 shares trading hands.

Wall Street Analysts Forecast Growth

JSG has been the subject of a number of analyst reports. Peel Hunt reiterated a "buy" rating and issued a GBX 180 target price on shares of Johnson Service Group in a research note on Wednesday, October 1st. Royal Bank Of Canada lifted their price target on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the company a "sector perform" rating in a research report on Wednesday, September 3rd. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 195 price target on shares of Johnson Service Group in a research report on Friday, September 26th. 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 data from MarketBeat, Johnson Service Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 178.33.

Johnson Service Group Price Performance

The stock's 50-day moving average is GBX 144.88 and its 200-day moving average is GBX 142.55. The firm has a market cap of £544.94 million, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. 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 announced its 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%.

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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