Johnson Service Group (LON:JSG) Shares Up 9.1% - Here's What Happened

Key Points

• Johnson Service Group shares rose 9.1% during mid-day trading, reaching a last trade price of GBX 151 ($2.05), up from a previous close of GBX 138.40 ($1.87).
• Analysts from Berenberg Bank have reiterated a "buy" rating on the stock, with a target price of GBX 195, contributing to a consensus target price of GBX 200.
• The company's net margin stands at 6.29% and it reported a EPS of GBX 4.60 in its last quarterly earnings.

Shares of Johnson Service Group PLC (LON:JSG - Get Free Report) rose 9.1% on Tuesday . The stock traded as high as GBX 160.20 ($2.15) and last traded at GBX 151 ($2.03). Approximately 2,500,442 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 2,348,202 shares. The stock had previously closed at GBX 138.40 ($1.86).

Analysts Set New Price Targets

Several brokerages recently weighed in on JSG. Berenberg Bank reaffirmed a "buy" rating and set a GBX 195 price target on shares of Johnson Service Group in a report on Tuesday. Royal Bank Of Canada boosted their target price on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the company a "sector perform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 177.50.

Johnson Service Group Stock Performance

The stock has a market capitalization of £608.35 million, a P/E ratio of 1,819.05, a P/E/G ratio of 10.18 and a beta of 1.80. The stock has a 50 day moving average of GBX 143.71 and a 200 day moving average of GBX 140.24. The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00.

Johnson Service Group (LON:JSG - Get Free Report) last announced its earnings results 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.