Johnson Service Group (LON:JSG) Stock Price Down 13.4% - Here's Why

Johnson Service Group PLC (LON:JSG - Get Free Report)'s stock price was down 13.4% during mid-day trading on Thursday . The company traded as low as GBX 132.80 ($1.80) and last traded at GBX 132.88 ($1.81). Approximately 583,884 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 2,174,105 shares. The stock had previously closed at GBX 153.40 ($2.08).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 195 ($2.65) target price on shares of Johnson Service Group in a report on Thursday.

Johnson Service Group Price Performance

The company has a 50 day moving average price of GBX 146.23 and a 200 day moving average price of GBX 138.39. The firm has a market cap of £599.18 million, a PE ratio of 19.24, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 44.23.

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.