Johnson Service Group (LON:JSG) Shares Up 9.1% - Still a Buy?

Key Points

• Johnson Service Group PLC's shares rose by 9.1% to GBX 151 ($2.02) during mid-day trading on Tuesday, following an increase in trading volume.
• Analysts from Berenberg Bank maintained a "buy" rating for the stock, setting a price target of GBX 195, while the average price target among analysts is GBX 200.
• The company reported earnings of GBX 4.60 per share for the last quarter, reflecting a net margin of 6.29% and return on equity of 10.95%.

Johnson Service Group PLC (LON:JSG - Get Free Report)'s stock price traded up 9.1% during mid-day trading on Tuesday . The stock traded as high as GBX 160.20 ($2.15) and last traded at GBX 151 ($2.02). 2,500,442 shares changed 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 ($1.85).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 195 price target on shares of Johnson Service Group in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Johnson Service Group currently has an average rating of "Buy" and an average price target of GBX 200.

Johnson Service Group Trading Up 9.1%

The stock has a market cap of £601.18 million, a P/E ratio of 1,797.62, a PEG ratio of 10.18 and a beta of 1.80. 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's fifty day moving average price is GBX 143.58 and its two-hundred day moving average price is GBX 140.10.

Johnson Service Group (LON:JSG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported GBX 4.60 earnings per share for the quarter. Johnson Service Group had a net margin of 6.29% and a return on equity of 10.95%.

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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