Johnson Service Group (LON:JSG) Trading 9.1% Higher After Analyst Upgrade

Key Points

• Johnson Service Group PLC's shares surged by 9.1% during trading, reaching a high of GBX 160.20 before closing at GBX 151.
• Berenberg Bank has restated a "buy" rating with a target price of GBX 195, contributing to a consensus rating of "Buy" with a target of GBX 200.
• The company reported a quarterly earnings per share of GBX 4.60 and has a market capitalization of £596.40 million.

Johnson Service Group PLC (LON:JSG - Get Free Report) rose 9.1% during trading on Wednesday after Royal Bank Of Canada raised their price target on the stock from GBX 155 to GBX 160. Royal Bank Of Canada currently has a sector perform rating on the stock. Johnson Service Group traded as high as GBX 160.20 ($2.16) and last traded at GBX 151 ($2.04). Approximately 2,500,442 shares changed hands during trading, an increase of 6% from the average daily volume of 2,348,202 shares. The stock had previously closed at GBX 138.40 ($1.87).

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 195 target price on shares of Johnson Service Group in a research report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 177.50.

Johnson Service Group Stock Performance

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 company has a 50-day simple moving average of GBX 143.93 and a two-hundred day simple moving average of GBX 140.44. The firm has a market cap 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 released 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.