Johnson Service Group (LON:JSG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Johnson Service Group PLC (LON:JSG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 142.36 and traded as high as GBX 153.30. Johnson Service Group shares last traded at GBX 150.72, with a volume of 2,209,091 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JSG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 205 price target on shares of Johnson Service Group in a research report on Monday, July 13th. Peel Hunt reissued a “buy” rating and issued a GBX 178 price objective on shares of Johnson Service Group in a research note on Monday, July 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 150 target price on shares of Johnson Service Group in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 177.67.

Johnson Service Group Stock Performance

The company’s fifty day moving average price is GBX 153.43 and its 200 day moving average price is GBX 142.47. The company has a market cap of £558.63 million, a PE ratio of 16.33, a P/E/G ratio of 10.18 and a beta of 1.04. The company has a debt-to-equity ratio of 61.87, a current ratio of 0.93 and a quick ratio of 0.80.

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.