Johnson Service Group (LON:JSG) Trading Down 14.1% – Here’s Why

Johnson Service Group PLC (LON:JSG) shares dropped 14.1% on Friday . The stock traded as low as GBX 136 and last traded at GBX 142.70. Approximately 6,418,579 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 6,172,641 shares. The stock had previously closed at GBX 166.20.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 178.33.

Johnson Service Group Trading Down 14.1%

The firm has a market cap of £530.73 million, a price-to-earnings ratio of 15.51, a P/E/G ratio of 10.18 and a beta of 1.04. The firm’s 50-day moving average is GBX 149.82 and its 200-day moving average is GBX 141.30. 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.