Johnson Service Group's (JSG) "Buy" Rating Reaffirmed at Peel Hunt

Key Points

• Peel Hunt reiterated its Buy rating on Johnson Service Group and set a GBX 178 price target, implying about 24.6% upside from the prior close.
• Other analysts were mixed: RBC kept a Sector Perform rating with a GBX 150 target, while Berenberg reaffirmed Buy with a GBX 205 target. Overall, the stock holds a Moderate Buy consensus with a GBX 177.67 average target.
• Johnson Service Group shares were trading around GBX 142.90, near the middle of their 52-week range of GBX 123.80 to GBX 172.10, with a market cap of about £531.5 million.

Johnson Service Group (LON:JSG - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Monday,London Stock Exchange reports. They currently have a GBX 178 price target on the stock. Peel Hunt's price target would suggest a potential upside of 24.56% from the stock's previous close.

Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 150 price objective on shares of Johnson Service Group in a research report on Friday, May 8th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 205 target price on shares of Johnson Service Group in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Johnson Service Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 177.67.

Johnson Service Group Price Performance

Shares of Johnson Service Group stock traded up GBX 0.20 during trading on Monday, hitting GBX 142.90. The stock had a trading volume of 1,084,963 shares, compared to its average volume of 6,134,388. The business has a fifty day moving average of GBX 150.10 and a two-hundred day moving average of GBX 141.35. Johnson Service Group has a fifty-two week low of GBX 123.80 and a fifty-two week high of GBX 172.10. The firm has a market cap of £531.48 million, a P/E ratio of 15.53, a PEG ratio of 10.18 and a beta of 1.04. The company has a debt-to-equity ratio of 61.87, a current ratio of 0.93 and a quick ratio of 0.80.

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.

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