Johnson Service Group (LON:JSG) Trading 9.1% Higher - Still a Buy?

Key Points

• Johnson Service Group's stock price increased by 9.1%, reaching a last traded price of GBX 151 ($2.05), following a previous close of GBX 138.40 ($1.87).
• Berenberg Bank has reissued a "buy" rating with a price target of GBX 195, contributing to a consensus buy rating among analysts for the stock.
• The company reported an earnings per share (EPS) of GBX 4.60 in its last quarterly results, along 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 traded up 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). 2,500,442 shares traded hands during trading, an increase of 6% from the average session volume of 2,348,202 shares. The stock had previously closed at GBX 138.40 ($1.87).

Analyst Upgrades and Downgrades

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

Johnson Service Group Stock Performance

The stock has a market cap of £601.18 million, a PE ratio of 1,797.62, a P/E/G ratio of 10.18 and a beta of 1.80. The company has a fifty day moving average price of GBX 143.58 and a 200 day moving average price of GBX 140.10. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 44.23.

Johnson Service Group (LON:JSG - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported GBX 4.60 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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