Johnson Service Group (LON:JSG) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Johnson Service Group PLC (LON:JSG)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 142.92 and traded as high as GBX 153. Johnson Service Group shares last traded at GBX 151.27, with a volume of 1,895,494 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JSG. Berenberg Bank reissued a “buy” rating and issued a GBX 205 target price on shares of Johnson Service Group in a research note on Monday, July 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 178 price target on shares of Johnson Service Group in a research note on Monday, July 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 150 price objective on shares of Johnson Service Group in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 177.67.

Johnson Service Group Trading Up 0.3%

The firm’s 50 day moving average is GBX 154.40 and its 200 day moving average is GBX 142.92. The company has a debt-to-equity ratio of 61.87, a current ratio of 0.93 and a quick ratio of 0.80. The company has a market capitalization of £562.72 million, a PE ratio of 16.45, a P/E/G ratio of 10.18 and a beta of 1.04.

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.