Johnson Service Group (LON:JSG) Trading 9.1% Higher - Time to Buy?

Key Points

• Shares of Johnson Service Group PLC rose 9.1% during trading, reaching a peak of GBX 160.20 before closing at GBX 151.
• Berenberg Bank has set a price target of GBX 195 and maintains a "buy" rating on the company's stock, which has a consensus price target of GBX 200.
• Johnson Service Group reported earnings of GBX 4.60 per share for the latest quarter, indicating a net margin of 6.29% and a return on equity of 10.95%.

Johnson Service Group PLC (LON:JSG - Get Free Report)'s share price was up 9.1% on Tuesday . The company traded as high as GBX 160.20 ($2.15) and last traded at GBX 151 ($2.03). Approximately 2,500,442 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 2,348,202 shares. The stock had previously closed at GBX 138.40 ($1.86).

Analyst Upgrades and Downgrades

JSG has been the subject of a number of analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 195 price objective on shares of Johnson Service Group in a report on Tuesday. Royal Bank Of Canada raised their price objective on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the stock a "sector perform" rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 177.50.

Johnson Service Group Stock Up 4.4%

The firm has a market cap of £620.21 million, a price-to-earnings ratio of 1,854.52, a PEG ratio of 10.18 and a beta of 1.80. 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 business's 50-day moving average is GBX 143.71 and its 200-day moving average is GBX 140.24.

Johnson Service Group (LON:JSG - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported GBX 4.60 earnings per share (EPS) 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.