Johnson Service Group (LON:JSG) Hits New 1-Year High at $148.12

Johnson Service Group PLC (LON:JSG - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 148.12 ($1.86) and last traded at GBX 144.80 ($1.82), with a volume of 2062205 shares traded. The stock had previously closed at GBX 129.60 ($1.63).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their price objective on Johnson Service Group from GBX 155 ($1.95) to GBX 170 ($2.14) and gave the company a "buy" rating in a research note on Tuesday, March 12th.

Johnson Service Group Stock Up 9.1 %

The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 41.03. The company has a market cap of £585.99 million, a price-to-earnings ratio of 2,356.67, a P/E/G ratio of 10.18 and a beta of 1.65. The stock's 50-day moving average is GBX 130.10 and its 200-day moving average is GBX 134.44.

Johnson Service Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 1.90 ($0.02) per share. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from Johnson Service Group's previous dividend of $0.90. Johnson Service Group's dividend payout ratio is 5,000.00%.

Insider Activity

In other news, insider Peter Egan bought 65,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of GBX 137 ($1.72) per share, for a total transaction of £89,050 ($111,857.81). 1.83% of the stock is currently owned by company insiders.

Johnson Service Group Company Profile

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom and Ireland. It operates in two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment offers workwear and protective wear rental; and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundry services.