Johnson Service Group (LON:JSG) Stock Price Up 9.1% Following Analyst Upgrade

Key Points

• Johnson Service Group PLC saw a significant stock price increase of 9.1%, reaching a last trading price of GBX 151 ($2.02).
• Berenberg Bank has reaffirmed a "buy" rating with a price target of GBX 195, aligning with the average analyst rating of "Buy" and a target of GBX 200.
• The company reported a net margin of 6.29% and a return on equity of 10.95% during its latest earnings release.

Johnson Service Group PLC (LON:JSG - Get Free Report) shot up 9.1% during trading 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 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 ($1.87).

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

Johnson Service Group Price Performance

The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00. The firm has a market capitalization of £627.46 million, a price-to-earnings ratio of 1,811.49, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The business has a fifty day moving average of GBX 143.93 and a two-hundred day moving average of GBX 140.44.

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 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.