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

Key Points

• Johnson Service Group PLC shares surged by 9.1%, trading at GBX 151 ($2.02) after previously closing at GBX 138.40 ($1.85).
• Analysts from Berenberg Bank reiterated a "buy" rating for the stock, with a price target of GBX 195, contributing to an average price target of GBX 200.
• The company's recent earnings report indicated earnings per share (EPS) of GBX 4.60, with a net margin of 6.29% and a return on equity of 10.95%.

Shares of Johnson Service Group PLC (LON:JSG - Get Free Report) traded up 9.1% during trading on Tuesday . The company traded as high as GBX 160.20 ($2.15) and last traded at GBX 151 ($2.02). 2,500,442 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 2,348,202 shares. The stock had previously closed at GBX 138.40 ($1.85).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 195 price target 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, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 200.

Johnson Service Group Trading Up 9.1%

The business's 50 day moving average price is GBX 143.67 and its 200-day moving average price is GBX 140.17. 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 company has a market cap of £601.18 million, a price-to-earnings ratio of 1,797.62, a PEG ratio of 10.18 and a beta of 1.80.

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

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