Berenberg Bank Reiterates Buy Rating for Johnson Service Group (LON:JSG)

Johnson Service Group (LON:JSG)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a GBX 205 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 57.42% from the stock’s current price.

Johnson Service Group Stock Performance

JSG opened at GBX 130.23 on Wednesday. Johnson Service Group has a twelve month low of GBX 118.60 and a twelve month high of GBX 160.20. The firm has a market capitalization of £491.98 million, a PE ratio of 14.97, a PEG ratio of 10.18 and a beta of 1.04. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 61.87. The firm’s 50-day moving average price is GBX 140.69 and its 200 day moving average price is GBX 141.05.

Johnson Service Group (LON:JSG) last released its earnings results on Wednesday, March 4th. The company reported GBX 12.20 earnings per share for the quarter. Johnson Service Group had a net margin of 6.93% and a return on equity of 13.04%.

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.