Johnson Service Group (LON:JSG) Trading 14.4% Higher – Should You Buy?

Johnson Service Group PLC (LON:JSG)’s stock price traded up 14.4% during mid-day trading on Tuesday . The stock traded as high as GBX 159 ($2.14) and last traded at GBX 158.33 ($2.13). 818,563 shares traded hands during trading, a decline of 65% from the average session volume of 2,338,250 shares. The stock had previously closed at GBX 138.40 ($1.86).

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 195 target price on shares of Johnson Service Group in a research report on Tuesday. Royal Bank Of Canada increased their target price on Johnson Service Group from GBX 155 to GBX 160 and gave the stock a “sector perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 177.50.

Johnson Service Group Trading Up 4.0%

The firm has a market cap of £617.90 million, a P/E ratio of 1,847.62, a PEG 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. The stock has a 50 day moving average of GBX 143.71 and a 200 day moving average of GBX 140.24.

Johnson Service Group (LON:JSG) last released its earnings results on Tuesday, September 2nd. The company reported GBX 4.60 EPS for the quarter. Johnson Service Group had a return on equity of 10.95% and a net margin of 6.29%.

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.