Royal Bank of Canada Boosts Johnson Service Group (LON:JSG) Price Target to GBX 155

Johnson Service Group (LON:JSG) had its price target boosted by Royal Bank of Canada from GBX 140 ($1.76) to GBX 155 ($1.95) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a sector perform rating on the stock.

Separately, Berenberg Bank increased their price objective on shares of Johnson Service Group from GBX 170 ($2.14) to GBX 185 ($2.32) and gave the stock a buy rating in a research report on Wednesday, May 1st.

Johnson Service Group Stock Performance

Johnson Service Group stock opened at GBX 155.81 ($1.96) on Tuesday. The company has a debt-to-equity ratio of 41.03, a current ratio of 0.88 and a quick ratio of 0.80. Johnson Service Group has a 1-year low of GBX 99 ($1.24) and a 1-year high of GBX 159.80 ($2.01). The firm has a market capitalization of £645.72 million, a P/E ratio of 2,600.00, a price-to-earnings-growth ratio of 10.18 and a beta of 1.65. The company’s 50-day moving average is GBX 130.68 and its 200 day moving average is GBX 135.

Johnson Service Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 1.90 ($0.02) per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Johnson Service Group’s previous dividend of $0.90. This represents a dividend yield of 1.34%. Johnson Service Group’s dividend payout ratio (DPR) is 5,000.00%.

Insider Transactions at Johnson Service Group

In related news, insider Peter Egan bought 65,000 shares of Johnson Service Group stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average cost of GBX 137 ($1.72) per share, with a total value of £89,050 ($111,871.86). Corporate insiders own 1.83% of the company’s stock.

Johnson Service Group Company Profile

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