Johnson Service Group (LON:JSG) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Johnson Service Group PLC (LON:JSG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 142.92 and traded as high as GBX 153. Johnson Service Group shares last traded at GBX 151.27, with a volume of 1,895,494 shares.

Analysts Set New Price Targets

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

Johnson Service Group Trading Up 0.3%

The firm has a fifty day moving average of GBX 154.40 and a two-hundred day moving average of GBX 142.92. The company has a market cap of £562.72 million, a PE ratio of 16.45, a price-to-earnings-growth ratio of 10.18 and a beta of 1.04. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 61.87.

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.