Johnson Service Group (LON:JSG) Trading 9.2% Higher - Time to Buy?

Key Points

• Johnson Service Group shares rose by 9.2% on Tuesday, reaching a last traded price of GBX 151.20 ($2.05) after closing at GBX 138.40 ($1.87).
• Analysts, including Berenberg Bank, have a consensus rating of "Buy" for Johnson Service Group with a target price set at GBX 195.
• The company reported a net margin of 6.29% and a return on equity of 10.95%, indicating solid financial health.

Johnson Service Group PLC (LON:JSG - Get Free Report) was up 9.2% during trading on Tuesday . The stock traded as high as GBX 160.20 ($2.16) and last traded at GBX 151.20 ($2.04). Approximately 1,982,422 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 2,345,137 shares. The stock had previously closed at GBX 138.40 ($1.87).

Analysts Set New Price Targets

JSG has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the company a "sector perform" rating in a research report on Wednesday. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 195 price target on shares of Johnson Service Group in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 177.50.

Johnson Service Group Stock Performance

The business has a 50-day moving average price of GBX 143.93 and a 200 day moving average price of GBX 140.44. The stock has a market capitalization of £627.46 million, a P/E ratio of 1,811.49, a PEG ratio of 10.18 and a beta of 1.80. The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00.

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