Johnson Service Group (LON:JSG) Trading Up 11.1% - Still a Buy?

Key Points

• Johnson Service Group's stock price rose by 11.1% during mid-day trading, hitting a high of GBX 160.20 before settling at GBX 153.75.
• Berenberg Bank has reaffirmed a "buy" rating for the stock, with a price target set at GBX 195, while the consensus rating remains a "Buy" with an average target of GBX 200.
• The company reported earnings of GBX 4.60 per share for the last quarter, 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 share price was up 11.1% during mid-day trading on Tuesday . The company traded as high as GBX 160.20 ($2.17) and last traded at GBX 153.75 ($2.08). Approximately 1,187,639 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,340,434 shares. The stock had previously closed at GBX 138.40 ($1.87).

Wall Street Analyst Weigh In

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

Johnson Service Group Price Performance

The company has a debt-to-equity ratio of 44.23, a current ratio of 1.00 and a quick ratio of 0.80. The company has a 50 day moving average price of GBX 143.58 and a 200 day moving average price of GBX 140.10. The firm has a market cap of £611.53 million, a PE ratio of 1,828.57, a PEG ratio of 10.18 and a beta of 1.80.

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