Johnson Service Group (LON:JSG) Stock Price Up 9.1% - Still a Buy?

Key Points

• Johnson Service Group's stock price rose 9.1% to GBX 151 ($2.02), with over 2.5 million shares traded, indicating increased investor interest.
• Berenberg Bank reiterated a "buy" rating and set a price target of GBX 195, with overall analyst sentiment remaining positive at an average target of GBX 200.
• The company reported a quarterly earnings per share of GBX 4.60, with a return on equity of 10.95% and a net margin of 6.29%.

Johnson Service Group PLC (LON:JSG - Get Free Report)'s stock price rose 9.1% 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 were traded 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).

Analyst Ratings Changes

Separately, Berenberg Bank restated 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, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 200.

Johnson Service Group Stock Performance

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 business has a 50 day simple moving average of GBX 143.67 and a two-hundred day simple moving average of GBX 140.17. The firm has a market cap of £601.18 million, a PE 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 posted its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Johnson Service Group had a return on equity of 10.95% and a net margin of 6.29%.

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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