Johnson Service Group (LON:JSG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Johnson Service Group PLC (LON:JSG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 141.70 and traded as low as GBX 137. Johnson Service Group shares last traded at GBX 138.40, with a volume of 2,574,760 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JSG. Peel Hunt reissued a “buy” rating and set a GBX 180 price objective on shares of Johnson Service Group in a research report on Wednesday, October 1st. Berenberg Bank reissued a “buy” rating and set a GBX 195 price target on shares of Johnson Service Group in a report on Friday, September 26th. Two 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, Johnson Service Group presently has an average rating of “Moderate Buy” and an average price target of GBX 178.33.

Johnson Service Group Price Performance

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 company has a market cap of £523.16 million, a P/E ratio of 15.72, a P/E/G ratio of 10.18 and a beta of 1.80. The firm’s fifty day moving average is GBX 136.48 and its two-hundred day moving average is GBX 141.70.

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.