Johnson Service Group (LON:JSG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has increased the price target for Johnson Service Group from GBX 155 to GBX 160, indicating a potential upside of 5.54% from its previous close.
• Berenberg Bank maintains a "buy" rating for Johnson Service Group with a higher target price of GBX 195, while the consensus rating for the stock is "Moderate Buy" with an average target price of GBX 186.67.
• Johnson Service Group reported a quarterly EPS of GBX 4.60, a net margin of 6.29%, and a return on equity of 10.95% as of September 2nd.

Johnson Service Group (LON:JSG - Get Free Report) had its price target raised by equities research analysts at Royal Bank Of Canada from GBX 155 to GBX 160 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 1.52% from the company's previous close.

Separately, Berenberg Bank restated a "buy" rating and set a GBX 195 price target on shares of Johnson Service Group in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 177.50.

Johnson Service Group Stock Up 3.1%

Johnson Service Group stock traded up GBX 4.80 during trading hours on Wednesday, reaching GBX 157.60. The stock had a trading volume of 2,417,612 shares, compared to its average volume of 2,347,408. The company has a market cap of £627.46 million, a price-to-earnings ratio of 1,811.49, a PEG ratio of 10.18 and a beta of 1.80. The company has a debt-to-equity ratio of 44.23, a current ratio of 1.00 and a quick ratio of 0.80. The business's 50 day moving average price is GBX 143.93 and its 200-day moving average price is GBX 140.44. Johnson Service Group has a 52 week low of GBX 118.60 and a 52 week high of GBX 163.

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

About Johnson Service Group

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.