Johnson Service Group (LON:JSG) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Posted by Alphonse Anthony on Nov 19th, 2024

Johnson Service Group PLC (LON:JSG – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 156.48 ($1.98) and traded as low as GBX 143.60 ($1.82). Johnson Service Group shares last traded at GBX 144.80 ($1.84), with a volume of 310,407 shares traded.

Wall Street Analysts Forecast Growth

JSG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Johnson Service Group from GBX 200 ($2.54) to GBX 205 ($2.60) and gave the company a “buy” rating in a research note on Wednesday, September 4th. Berenberg Bank increased their price objective on Johnson Service Group from GBX 185 ($2.35) to GBX 195 ($2.47) and gave the company a “buy” rating in a research report on Wednesday, September 4th.

Check Out Our Latest Report on JSG

Johnson Service Group Stock 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 has a market cap of £596.88 million, a PE ratio of 2,068.57, a PEG ratio of 10.18 and a beta of 1.80. The business’s 50-day moving average is GBX 152.90 and its 200 day moving average is GBX 156.48.

Johnson Service Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd were issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a dividend yield of 0.82%. Johnson Service Group’s dividend payout ratio is currently 4,285.71%.

About Johnson Service Group

(Get Free Report)

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom and Ireland. It operates in two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment offers workwear and protective wear rental; and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundry services.