Johnson Service Group (LON:JSG) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Johnson Service Group PLC (LON:JSG)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 142.01 and traded as low as GBX 134.40. Johnson Service Group shares last traded at GBX 134.80, with a volume of 391,588 shares.

Wall Street Analyst Weigh In

JSG has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 195 target price on shares of Johnson Service Group in a research report on Friday, September 26th. Peel Hunt reiterated a “buy” rating and issued a GBX 180 target price on shares of Johnson Service Group in a report on Wednesday, October 1st. Finally, Royal Bank Of Canada lifted their target price on Johnson Service Group from GBX 155 to GBX 160 and gave the stock a “sector perform” rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 178.33.

Johnson Service Group Stock Down 1.0%

The company has a 50-day simple moving average of GBX 137.24 and a 200-day simple moving average of GBX 142.01. The firm has a market cap of £515.51 million, a PE ratio of 15.49, 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 current ratio of 1.00 and a quick ratio of 0.80.

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.