Johnson Service Group (LON:JSG) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Johnson Service Group PLC (LON:JSG – Get Free Report) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 143.02 and traded as low as GBX 135.20. Johnson Service Group shares last traded at GBX 136.90, with a volume of 1,125,043 shares traded.

Analysts Set New Price Targets

JSG has been the topic of a number of recent research reports. Peel Hunt reissued a “buy” rating and set a GBX 178 price target on shares of Johnson Service Group in a research note on Monday, July 13th. Berenberg Bank lowered their price objective on Johnson Service Group from GBX 205 to GBX 200 and set a “buy” rating for the company in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 176.

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Johnson Service Group Stock Performance

The firm has a market capitalization of £494.56 million, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 10.18 and a beta of 1.03. 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 company has a 50-day moving average of GBX 142.87 and a 200-day moving average of GBX 143.02.

Johnson Service Group (LON:JSG – Get Free Report) last released 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

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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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