Johnson Service Group (LON:JSG) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Johnson Service Group PLC (LON:JSG)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 137.52 and traded as high as GBX 144.21. Johnson Service Group shares last traded at GBX 142.40, with a volume of 5,843,007 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on JSG. Berenberg Bank increased their price target on Johnson Service Group from GBX 195 to GBX 205 and gave the company a “buy” rating in a report on Monday, January 19th. Peel Hunt restated a “buy” rating and set a GBX 180 price objective on shares of Johnson Service Group in a research note on Wednesday, October 1st. 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, Johnson Service Group presently has an average rating of “Moderate Buy” and an average price target of GBX 181.67.

Johnson Service Group Stock Performance

The firm has a market capitalization of £531.88 million, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00. The stock’s fifty day moving average is GBX 137.52 and its two-hundred day moving average is GBX 140.48.

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.