Johnson Service Group (LON:JSG) Stock Price Up 9.1% - Here's What Happened

Key Points

• Johnson Service Group PLC shares experienced a significant increase of 9.1% during trading, reaching a last traded price of GBX 151 ($2.02) after previously closing at GBX 138.40 ($1.85).
• Berenberg Bank has reissued a "buy" rating" with a price target of GBX 195, contributing to a consensus rating of "Buy" among analysts.
• The company's reported earnings per share for the last quarter were GBX 4.60, with a net margin of 6.29% and a return on equity of 10.95%.

Johnson Service Group PLC (LON:JSG - Get Free Report) shares rose 9.1% during mid-day trading on Tuesday . The stock traded as high as GBX 160.20 ($2.15) and last traded at GBX 151 ($2.02). Approximately 2,500,442 shares traded 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 ($1.85).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 195 price target on shares of Johnson Service Group in a report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 200.

Johnson Service Group Trading Up 9.1%

The business's 50 day moving average is GBX 143.67 and its two-hundred day moving average is GBX 140.17. 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 firm has a market capitalization of £601.18 million, a P/E ratio of 1,797.62, a PEG ratio of 10.18 and a beta of 1.80.

Johnson Service Group (LON:JSG - Get Free Report) last issued 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%.

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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