Johnson Service Group (LON:JSG) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Johnson Service Group PLC (LON:JSG) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 153.67 ($1.93) and traded as low as GBX 135.20 ($1.70). Johnson Service Group shares last traded at GBX 135.20 ($1.70), with a volume of 330,513 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on JSG. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Johnson Service Group from GBX 200 ($2.52) to GBX 205 ($2.58) and gave the company a “buy” rating in a research note on Wednesday, September 4th. Berenberg Bank raised their target price on Johnson Service Group from GBX 185 ($2.33) to GBX 195 ($2.45) and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

Johnson Service Group Stock Up 0.2 %

The stock’s 50 day moving average is GBX 143.49 and its 200 day moving average is GBX 153.36. The company has a market capitalization of £561.33 million, a PE ratio of 1,934.63, a PEG ratio of 10.18 and a beta of 1.80. The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00.

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.