Johnson Service Group (LON:JSG) Given Buy Rating at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed its "buy" rating on Johnson Service Group (JSG), with a price target of GBX 195, indicating a potential upside of 28.63% from its current price.
• Royal Bank Of Canada also upgraded their price target for JSG from GBX 155 to GBX 160, assigning a "sector perform" rating.
• The stock currently has an average rating of "Moderate Buy" with a target price of GBX 186.67, reflecting confidence among analysts.

Berenberg Bank reissued their buy rating on shares of Johnson Service Group (LON:JSG - Free Report) in a report issued on Tuesday, Marketbeat reports. They currently have a GBX 195 price target on the stock.

Separately, Royal Bank Of Canada upped their target price on Johnson Service Group from GBX 155 to GBX 160 and gave the stock a "sector perform" rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 177.50.

Johnson Service Group Stock Performance

LON:JSG traded up GBX 4.80 during trading hours on Tuesday, reaching GBX 157.60. The company had a trading volume of 2,417,612 shares, compared to its average volume of 2,347,408. Johnson Service Group has a 1-year low of GBX 118.60 and a 1-year high of GBX 163. The firm has a market cap of £627.46 million, a PE ratio of 1,811.49, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The business's 50 day moving average price is GBX 143.93 and its 200-day moving average price is GBX 140.44. The company has a debt-to-equity ratio of 44.23, a current ratio of 1.00 and a quick ratio of 0.80.

Johnson Service Group (LON:JSG - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Johnson Service Group had a return on equity of 10.95% and a net margin of 6.29%.

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.