Johnson Service Group (LON:JSG) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Johnson Service Group shares fell below their 200-day moving average of GBX 143.81, reaching GBX 139.90 before last trading at GBX 144.30 on elevated volume.
• Analysts remain broadly positive despite reduced price targets: three rate the stock “Buy” and one rates it “Hold,” producing a “Moderate Buy” consensus and an average target of GBX 182.
• The company reported quarterly earnings of GBX 5 per share, with a 13.74% return on equity and 6.98% net margin; its market capitalization is approximately £515.43 million.

Johnson Service Group PLC (LON:JSG - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 143.81 and traded as low as GBX 139.90. Johnson Service Group shares last traded at GBX 144.30, with a volume of 3,096,096 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on JSG. Deutsche Bank Aktiengesellschaft cut their target price on Johnson Service Group from GBX 210 to GBX 200 and set a "buy" rating on the stock in a research report on Monday, October 12th. Peel Hunt restated a "buy" rating and set a GBX 178 price target on shares of Johnson Service Group in a report on Monday, July 13th. Finally, Berenberg Bank lowered their price target on Johnson Service Group from GBX 205 to GBX 200 and set a "buy" rating for the company in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Johnson Service Group currently has an average rating of "Moderate Buy" and an average target price of GBX 182.

Johnson Service Group Stock Performance

The stock has a fifty day moving average of GBX 140.33 and a 200-day moving average of GBX 143.81. The company has a market cap of £515.43 million, a PE ratio of 15.19, a PEG ratio of 10.18 and a beta of 1.03. The company has a debt-to-equity ratio of 72.41, a quick ratio of 0.80 and a current ratio of 1.02.

Johnson Service Group (LON:JSG - Get Free Report) last released its earnings results on Tuesday, September 8th. The company reported GBX 5 earnings per share for the quarter. Johnson Service Group had a return on equity of 13.74% and a net margin of 6.98%.

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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