Johnson Service Group (LON:JSG) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Johnson Service Group PLC (LON:JSG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 142.80 and traded as low as GBX 132.60. Johnson Service Group shares last traded at GBX 135.18, with a volume of 1,265,073 shares traded.

Analyst Ratings Changes

Several research firms have commented on JSG. Peel Hunt reissued a “buy” rating and set a GBX 178 price objective on shares of Johnson Service Group in a report on Monday, July 13th. Berenberg Bank decreased their target price on Johnson Service Group from GBX 205 to GBX 200 and set a “buy” rating on the stock in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 176.

Johnson Service Group Price Performance

The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 72.41. The stock’s 50-day moving average is GBX 144.90 and its two-hundred day moving average is GBX 142.74. The company has a market capitalization of £489.51 million, a PE ratio of 14.73, a price-to-earnings-growth ratio of 10.18 and a beta of 1.03.

Johnson Service Group (LON:JSG) last announced its quarterly earnings results on Tuesday, September 8th. The company reported GBX 5 EPS 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.