Johnson Service Group (LON:JSG) Stock Price Up 9.1% - What's Next?

Key Points

• Johnson Service Group PLC shares rose 9.1% to GBX 151 ($2.05) amid increased trading volume, indicating strong investor interest.
• Analysts at Berenberg Bank reaffirmed a "buy" rating with a price target of GBX 195, suggesting continued optimism about the company's performance.
• Johnson Service Group reported earnings of GBX 4.60 per share for the last quarter, with a return on equity of 10.95% and a net margin of 6.29%.

Johnson Service Group PLC (LON:JSG - Get Free Report) shares traded up 9.1% during mid-day trading on Tuesday . The stock traded as high as GBX 160.20 ($2.16) and last traded at GBX 151 ($2.04). 2,500,442 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 2,348,202 shares. The stock had previously closed at GBX 138.40 ($1.87).

Analysts Set New Price Targets

Several analysts have recently commented on JSG shares. Royal Bank Of Canada raised their price objective on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the stock a "sector perform" rating in a research report on Wednesday. Berenberg Bank reissued a "buy" rating and set a GBX 195 target price on shares of Johnson Service Group in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 177.50.

Johnson Service Group Trading Up 3.1%

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 fifty day simple moving average of GBX 143.93 and a 200-day simple moving average of GBX 140.44. The firm has a market cap of £627.46 million, a P/E ratio of 1,811.49, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80.

Johnson Service Group (LON:JSG - Get Free Report) last issued 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 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.