Johnson Service Group (LON:JSG) Shares Pass Below 200 Day Moving Average - Here's Why

Key Points

• Johnson Service Group PLC shares have fallen below their 200-day moving average, trading at GBX 137.03 ($1.83), compared to the moving average of GBX 139.15 ($1.86).
• Berenberg Bank has reiterated a "buy" rating with a price target of GBX 195 ($2.61) for Johnson Service Group shares.
• The company has a market capitalization of £574.29 million and a debt-to-equity ratio of 44.23, indicating its financial leverage.

Shares of 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 139.15 ($1.86) and traded as low as GBX 135.60 ($1.81). Johnson Service Group shares last traded at GBX 137.03 ($1.83), with a volume of 4,549,702 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 195 ($2.61) price target on shares of Johnson Service Group in a report on Thursday, July 10th.

Johnson Service Group Trading Up 0.4%

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 firm has a market cap of £574.29 million, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The firm's fifty day moving average is GBX 145.85 and its 200-day moving average is GBX 139.15.

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.

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