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

Key Points

• Johnson Service Group's stock price increased by 9.1% during mid-day trading, reaching a high of GBX 160.20 ($2.17) after closing at GBX 138.40 ($1.87).
• Berenberg Bank has restated a "buy" rating for the stock, with a target price set at GBX 195, indicating analysts' positive outlook.
• The company reported GBX 4.60 earnings per share for the recent quarter and has a market capitalization of £601.18 million.

Johnson Service Group PLC (LON:JSG - Get Free Report) rose 9.1% during mid-day trading on Tuesday . The stock traded as high as GBX 160.20 ($2.17) and last traded at GBX 151 ($2.05). 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 ($1.87).

Wall Street Analysts Forecast Growth

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

Johnson Service Group Stock Up 9.1%

The company has a debt-to-equity ratio of 44.23, a current ratio of 1.00 and a quick ratio of 0.80. The firm's 50-day simple moving average is GBX 143.58 and its two-hundred day simple moving average is GBX 140.10. The company has a market capitalization of £601.18 million, a price-to-earnings ratio of 1,797.62, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.