Johnson Service Group (LON:JSG) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Johnson Service Group PLC (LON:JSG)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 142.89 and traded as low as GBX 136.30. Johnson Service Group shares last traded at GBX 136.50, with a volume of 71,278,836 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on JSG shares. 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. Berenberg Bank lowered their price objective on Johnson Service Group from GBX 205 to GBX 200 and set a “buy” rating for the company in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 176.

Johnson Service Group Stock Performance

The stock has a market cap of £494.92 million, a P/E ratio of 14.89, a PEG ratio of 10.18 and a beta of 1.03. The stock has a fifty day simple moving average of GBX 144.09 and a 200-day simple moving average of GBX 142.84. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 72.41.

Johnson Service Group (LON:JSG) last announced 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.