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

Key Points

• Johnson Service Group PLC's shares surpassed their 200-day moving average for the first time, reaching a trading high of GBX 150.40.
• Analysts have mostly issued a "buy" rating on the stock, with price targets ranging from GBX 160 to GBX 195, reflecting a consensus target price of GBX 178.33.
• The company reported earnings per share of GBX 4.60 and has a market capitalization of £586.54 million with a high price-to-earnings ratio of 1,702.46.

Shares of Johnson Service Group PLC (LON:JSG - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 141.94 ($1.91) and traded as high as GBX 150.40 ($2.03). Johnson Service Group shares last traded at GBX 148.11 ($2.00), with a volume of 2,126,924 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on JSG shares. Berenberg Bank reiterated a "buy" rating and set a GBX 195 price target on shares of Johnson Service Group in a research report on Friday, September 26th. Peel Hunt reissued a "buy" rating and issued a GBX 180 price objective on shares of Johnson Service Group in a research note on Wednesday. Finally, 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. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 178.33.

Johnson Service Group Stock Up 0.6%

The company has a market capitalization of £586.54 million, a price-to-earnings ratio of 1,702.46, 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. The business has a 50-day moving average price of GBX 144.35 and a 200-day moving average price of GBX 141.94.

Johnson Service Group (LON:JSG - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 4.60 earnings per share 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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