Johnson Service Group (LON:JSG) Stock Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Johnson Service Group's stock fell below its 200-day moving average (200-day = GBX 136.82), trading as low as GBX 126.95 and last at GBX 127.75 on volume of 488,359 shares.
• Analyst sentiment is a Moderate Buy (two Buys, one Hold) with a consensus target of GBX 178.33 and individual targets ranging from GBX 150 (RBC) to GBX 205 (Berenberg).
• Recent results showed quarterly EPS of GBX 12.20, a P/E of 13.95 and ROE of 13.04%, but liquidity ratios are weak (quick 0.80, current 0.93) and debt-to-equity is 61.87.

Johnson Service Group PLC (LON:JSG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 136.82 and traded as low as GBX 126.95. Johnson Service Group shares last traded at GBX 127.75, with a volume of 488,359 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on JSG shares. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 150 target price on shares of Johnson Service Group in a report on Wednesday, March 4th. Berenberg Bank reissued a "buy" rating and set a GBX 205 target price on shares of Johnson Service Group in a report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Johnson Service Group presently has an average rating of "Moderate Buy" and a consensus target price of GBX 178.33.

Johnson Service Group Stock Performance

The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 61.87. The stock has a market cap of £487.05 million, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 10.18 and a beta of 1.02. The company's 50-day simple moving average is GBX 132.86 and its 200-day simple moving average is GBX 136.82.

Johnson Service Group (LON:JSG - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported GBX 12.20 earnings per share (EPS) for the quarter. Johnson Service Group had a net margin of 6.93% and a return on equity of 13.04%.

About Johnson Service Group

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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