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

Johnson Service Group PLC (LON:JSG)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 143.81 and traded as low as GBX 139.90. Johnson Service Group shares last traded at GBX 144.30, with a volume of 3,096,096 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JSG shares. Berenberg Bank cut their target price on shares of Johnson Service Group from GBX 205 to GBX 200 and set a “buy” rating for the company in a report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Johnson Service Group from GBX 210 to GBX 200 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 178 target price on shares of Johnson Service Group in a research note on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Johnson Service Group currently has an average rating of “Moderate Buy” and an average target price of GBX 182.

Johnson Service Group Price Performance

The company has a debt-to-equity ratio of 72.41, a quick ratio of 0.80 and a current ratio of 1.02. The firm has a market capitalization of £513.28 million, a PE ratio of 15.13, a P/E/G ratio of 10.18 and a beta of 1.03. The stock has a fifty day moving average price of GBX 140.28 and a 200-day moving average price of GBX 143.93.

Johnson Service Group (LON:JSG) last released its quarterly earnings results on Tuesday, September 8th. The company reported GBX 5 earnings per share for the quarter. Johnson Service Group had a net margin of 6.98% and a return on equity of 13.74%.

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.