Berenberg Bank Forecasts Strong Price Appreciation for Johnson Service Group (LON:JSG) Stock

Johnson Service Group (LON:JSG) had its price target boosted by stock analysts at Berenberg Bank from GBX 195 to GBX 205 in a report issued on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 42.36% from the company’s previous close.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 180 price objective on shares of Johnson Service Group in a research report 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 181.67.

Johnson Service Group Stock Up 1.7%

JSG traded up GBX 2.40 on Monday, hitting GBX 144. The company had a trading volume of 1,023,892 shares, compared to its average volume of 1,677,594. The stock has a market capitalization of £544.74 million, a price-to-earnings ratio of 16.55, a P/E/G 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. The stock has a fifty day moving average price of GBX 136.92 and a 200-day moving average price of GBX 141.06. Johnson Service Group has a 12-month low of GBX 118.60 and a 12-month high of GBX 160.20.

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.