Johnson Service Group (LON:JSG) Shares Up 9.1% - Should You Buy?

Key Points

• Johnson Service Group's shares surged by 9.1%, reaching a price of GBX 151 ($2.02) during Tuesday's trading, accompanied by an increased trading volume of over 2.5 million shares.
• Analysts from Berenberg Bank reaffirmed a "buy" rating with a price target set at GBX 195, while the consensus price target from two analysts stands at GBX 200.
• The company's recent quarterly earnings reported an EPS of GBX 4.60, highlighting a return on equity of 10.95% and a net margin of 6.29%.

Johnson Service Group PLC (LON:JSG - Get Free Report)'s stock price shot up 9.1% during mid-day trading on Tuesday . The company traded as high as GBX 160.20 ($2.16) and last traded at GBX 151 ($2.04). 2,500,442 shares traded hands during 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).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JSG. Royal Bank Of Canada boosted their price objective on Johnson Service Group from GBX 155 to GBX 160 and gave the company a "sector perform" rating in a research note on Wednesday. Berenberg Bank reiterated a "buy" rating and set a GBX 195 price objective on shares of Johnson Service Group in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 177.50.

Johnson Service Group Trading Up 3.1%

The stock has a fifty day moving average of GBX 143.93 and a 200 day moving average of GBX 140.44. The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00. The company has a market capitalization of £627.46 million, a PE ratio of 1,811.49, a PEG ratio of 10.18 and a beta of 1.80.

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