Johnson Service Group (LON:JSG) Trading 9.1% Higher on Analyst Upgrade

Key Points

• Johnson Service Group's stock price increased by 9.1% on Wednesday, trading as high as GBX 160.20 ($2.15) after previously closing at GBX 138.40 ($1.85).
• Berenberg Bank has reaffirmed a "buy" rating with a target price of GBX 195, and the average target price across analysts is GBX 200.
• The company recently reported quarterly earnings of GBX 4.60 EPS and has a market capitalization of approximately £596.40 million.

Shares of Johnson Service Group PLC (LON:JSG - Get Free Report) shot up 9.1% on Wednesday after Royal Bank Of Canada raised their price target on the stock from GBX 155 to GBX 160. Royal Bank Of Canada currently has a sector perform rating on the stock. Johnson Service Group traded as high as GBX 160.20 ($2.16) and last traded at GBX 151 ($2.04). 2,500,442 shares were traded 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).

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 195 target price on shares of Johnson Service Group in a research report on Thursday, July 10th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 177.50.

Johnson Service Group Trading Up 3.1%

The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 44.23. The firm's 50 day simple moving average is GBX 143.93 and its two-hundred day simple moving average is GBX 140.44. The stock has a market cap of £627.46 million, a P/E ratio of 1,811.49, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80.

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