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

Key Points

• Johnson Service Group PLC shares moved above their 200-day moving average, closing at GBX 137.60 after trading as high as GBX 142, signaling positive market momentum.
• Berenberg Bank has a "buy" rating on the stock, setting a price target of GBX 195 ($2.59), indicating potential growth for investors.
• The company, with a market capitalization of £565.98 million, provides high-quality textile rental services in the UK and emphasizes quality, reliability, and customer service.

Shares of Johnson Service Group PLC (LON:JSG - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 139.47 ($1.88) and traded as high as GBX 142 ($1.91). Johnson Service Group shares last traded at GBX 137.60 ($1.85), with a volume of 1,926,377 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 195 ($2.62) price target on shares of Johnson Service Group in a research report on Thursday, July 10th.

Johnson Service Group Stock Up 0.6%

The company has a debt-to-equity ratio of 44.23, a current ratio of 1.00 and a quick ratio of 0.80. The stock has a market cap of £581.76 million, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The firm has a 50 day simple moving average of GBX 144.68 and a two-hundred day simple moving average of GBX 139.58.

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.