Johnson Service Group (LON:JSG - Free Report) had its target price boosted by Berenberg Bank from GBX 170 ($2.14) to GBX 185 ($2.32) in a report published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.
Johnson Service Group Stock Up 3.0 %
JSG stock traded up GBX 4.20 ($0.05) during mid-day trading on Wednesday, hitting GBX 145.60 ($1.83). The stock had a trading volume of 866,013 shares, compared to its average volume of 621,059. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 41.03. Johnson Service Group has a 1-year low of GBX 99 ($1.24) and a 1-year high of GBX 148.12 ($1.86). The company has a fifty day moving average of GBX 130.16 and a 200 day moving average of GBX 134.51. The stock has a market capitalization of £603.40 million, a price-to-earnings ratio of 2,426.67, a PEG ratio of 10.18 and a beta of 1.65.
Johnson Service Group Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be given a GBX 1.90 ($0.02) dividend. This is a positive change from Johnson Service Group's previous dividend of $0.90. This represents a yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 11th. Johnson Service Group's dividend payout ratio is presently 5,000.00%.
Insiders Place Their Bets
In related news, insider Peter Egan acquired 65,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of GBX 137 ($1.72) per share, with a total value of £89,050 ($111,857.81). Insiders own 1.83% of the company's stock.
About Johnson Service Group
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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.
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