Johnson Service Group (LON:JSG) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Johnson Service Group PLC (LON:JSG - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 153.67 ($1.93) and traded as low as GBX 135.20 ($1.70). Johnson Service Group shares last traded at GBX 135.20 ($1.70), with a volume of 330,513 shares traded.

Wall Street Analyst Weigh In

JSG has been the subject of a number of recent research reports. Berenberg Bank boosted their price target on shares of Johnson Service Group from GBX 185 ($2.33) to GBX 195 ($2.45) and gave the company a "buy" rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Johnson Service Group from GBX 200 ($2.52) to GBX 205 ($2.58) and gave the company a "buy" rating in a report on Wednesday, September 4th.

Johnson Service Group Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 44.23. The business has a 50-day moving average of GBX 143.91 and a 200 day moving average of GBX 153.55. The firm has a market capitalization of £561.33 million, a PE ratio of 1,934.63, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80.

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.