Johnson Service Group (LON:JSG) Stock Passes Below 200 Day Moving Average – Time to Sell?

Johnson Service Group PLC (LON:JSG)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 136.62 and traded as low as GBX 134.10. Johnson Service Group shares last traded at GBX 144.50, with a volume of 2,035,611 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 205 target price on shares of Johnson Service Group in a report on Wednesday, March 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 150 target price on shares of Johnson Service Group in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 178.33.

Johnson Service Group Trading Up 1.7%

The stock has a market cap of £557.95 million, a PE ratio of 15.97, a P/E/G ratio of 10.18 and a beta of 1.02. The business’s fifty day moving average is GBX 133 and its 200 day moving average is GBX 136.62. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 61.87.

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

Johnson Service Group Company Profile

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.