Johnson Service Group (LON:JSG) Shares Cross Below 200-Day Moving Average – What’s Next?

Johnson Service Group PLC (LON:JSG)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 142.55 ($1.91) and traded as low as GBX 135.40 ($1.81). Johnson Service Group shares last traded at GBX 138.40 ($1.85), with a volume of 767,622 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JSG shares. Peel Hunt reissued a “buy” rating and issued a GBX 180 price target on shares of Johnson Service Group in a report on Wednesday, October 1st. Royal Bank Of Canada boosted their price target on shares of Johnson Service Group from GBX 155 to GBX 160 and gave the company a “sector perform” rating in a report on Wednesday, September 3rd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 195 price target on shares of Johnson Service Group in a report on Friday, September 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 178.33.

Johnson Service Group Price Performance

The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00. The company’s 50 day moving average price is GBX 144.88 and its 200 day moving average price is GBX 142.55. The company has a market cap of £544.94 million, a price-to-earnings ratio of 15.98, a P/E/G ratio of 10.18 and a beta of 1.80.

Johnson Service Group (LON:JSG) last issued 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%.

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.