Johnson Service Group (LON:JSG) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Johnson Service Group PLC shares have surpassed their 200-day moving average, trading at GBX 139 after reaching a high of GBX 140.28.
• Berenberg Bank has reaffirmed a "buy" rating for Johnson Service Group with a price target of GBX 195, reflecting bullish sentiment from analysts.
• The company's market capitalization stands at £553.40 million, with a notable P/E ratio of 1,654.76 and a debt-to-equity ratio of 44.23.

Johnson Service Group PLC (LON:JSG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 140.09 ($1.88) and traded as high as GBX 140.28 ($1.88). Johnson Service Group shares last traded at GBX 139 ($1.86), with a volume of 1,856,471 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JSG shares. Royal Bank Of Canada upped their target price 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 reaffirmed a "buy" rating and issued a GBX 195 price target on shares of Johnson Service Group in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 186.67.

Johnson Service Group Stock Performance

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 stock has a market cap of £594.01 million, a P/E ratio of 1,776.19, a PEG ratio of 10.18 and a beta of 1.80. The stock has a fifty day simple moving average of GBX 143.67 and a 200-day simple moving average of GBX 140.17.

Johnson Service Group (LON:JSG - Get Free Report) last released its earnings results 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.