Johnson Service Group (LON:JSG) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Johnson Service Group PLC (LON:JSG)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 142.30 ($1.90) and traded as low as GBX 140 ($1.87). Johnson Service Group shares last traded at GBX 142.40 ($1.90), with a volume of 603,541 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on JSG shares. Royal Bank Of Canada increased their price objective on Johnson Service Group from GBX 155 to GBX 160 and gave the stock a “sector perform” rating in a research note on Wednesday, September 3rd. Berenberg Bank reissued a “buy” rating and issued a GBX 195 price objective on shares of Johnson Service Group in a research note on Friday, September 26th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 180 price objective on shares of Johnson Service Group in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Johnson Service Group currently has an average rating of “Moderate Buy” and an average target price of GBX 178.33.

Johnson Service Group Stock Performance

The business has a fifty day simple moving average of GBX 144.85 and a two-hundred day simple moving average of GBX 142.30. The company has a debt-to-equity ratio of 44.23, a current ratio of 1.00 and a quick ratio of 0.80. The company has a market cap of £557.49 million, a PE ratio of 1,634.48, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80.

Johnson Service Group (LON:JSG) last posted its earnings results on Tuesday, September 2nd. The company reported GBX 4.60 earnings per share for the quarter. Johnson Service Group had a return on equity of 10.95% and a net margin of 6.29%.

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.