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

Johnson Service Group PLC (LON:JSG) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 143.40 and traded as low as GBX 143.40. Johnson Service Group shares last traded at GBX 146.40, with a volume of 2,049,947 shares.

Analysts Set New Price Targets

Several research firms have issued reports on JSG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 205 price objective on shares of Johnson Service Group in a report on Monday, July 13th. Peel Hunt reiterated a “buy” rating and set a GBX 178 price objective on shares of Johnson Service Group in a research note on Monday, July 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 150 price target on shares of Johnson Service Group in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 177.67.

Johnson Service Group Trading Down 2.7%

The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 61.87. The company has a fifty day moving average price of GBX 151.46 and a two-hundred day moving average price of GBX 143.42. The firm has a market capitalization of £518.53 million, a price-to-earnings ratio of 15.45, a PEG ratio of 10.18 and a beta of 1.03.

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.