Johnson Service Group (LON:JSG) Given Overweight Rating at Barclays

Barclays reiterated their overweight rating on shares of Johnson Service Group (LON:JSG) in a report issued on Wednesday, MarketBeat reports. Barclays currently has a GBX 170 ($2.15) price objective on the stock.

Separately, Royal Bank of Canada boosted their target price on Johnson Service Group from GBX 120 ($1.52) to GBX 125 ($1.58) and gave the stock a sector perform rating in a research report on Monday, July 17th.

Johnson Service Group Price Performance

Shares of LON:JSG opened at GBX 129.20 ($1.63) on Wednesday. The company has a market capitalization of £545.21 million, a P/E ratio of 2,160.00, a price-to-earnings-growth ratio of 10.18 and a beta of 1.76. The company’s 50-day moving average is GBX 112.66 and its 200 day moving average is GBX 114.94. The company has a debt-to-equity ratio of 19.01, a quick ratio of 0.80 and a current ratio of 0.80. Johnson Service Group has a fifty-two week low of GBX 69 ($0.87) and a fifty-two week high of GBX 141 ($1.78).

Johnson Service Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be given a GBX 0.90 ($0.01) dividend. This represents a yield of 0.73%. The ex-dividend date is Thursday, October 5th. Johnson Service Group’s payout ratio is 3,333.33%.

About Johnson Service Group

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company operates through two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment supplies workwear garments and protective wear, and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundering services.