Johnson Service Group (LON:JSG) Stock Passes Below 200 Day Moving Average – Here’s Why

Johnson Service Group PLC (LON:JSG)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 137.33 and traded as low as GBX 129.90. Johnson Service Group shares last traded at GBX 130.85, with a volume of 417,005 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JSG shares. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 150 price objective on shares of Johnson Service Group in a report on Wednesday, March 4th. Berenberg Bank reiterated a “buy” rating and issued a GBX 205 price objective on shares of Johnson Service Group in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Johnson Service Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 178.33.

Johnson Service Group Price Performance

The company has a debt-to-equity ratio of 61.87, a quick ratio of 0.80 and a current ratio of 0.93. The company has a market capitalization of £496.56 million, a PE ratio of 14.22, a P/E/G ratio of 10.18 and a beta of 1.06. The firm has a fifty day simple moving average of GBX 134.51 and a 200 day simple moving average of GBX 137.33.

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

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.