Johnson Service Group (LON:JSG) Stock Price Up 9.2% - Time to Buy?

Key Points

• Johnson Service Group's stock price increased by 9.2%, reaching a last traded price of GBX 151.20 ($2.05) after closing at GBX 138.40 ($1.87).
• Analysts at Berenberg Bank have restated a "buy" rating and set a target price of GBX 195, while the consensus target price for the stock is GBX 200.
• The company reported a net margin of 6.29% and earnings per share of GBX 4.60 in its latest quarterly earnings data.

Johnson Service Group PLC (LON:JSG - Get Free Report)'s share price rose 9.2% on Tuesday . The company traded as high as GBX 160.20 ($2.17) and last traded at GBX 151.20 ($2.05). Approximately 1,982,422 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 2,345,137 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 issued a GBX 195 target price on shares of Johnson Service Group in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 200.

Johnson Service Group Stock Performance

The stock has a market capitalization of £601.18 million, a PE ratio of 1,797.62, a PEG 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. The business's 50 day moving average is GBX 143.58 and its 200 day moving average is GBX 140.10.

Johnson Service Group (LON:JSG - Get Free Report) last released its quarterly earnings data 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.

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