Johnson Service Group (LON:JSG) Shares Up 0.4% - Time to Buy?

Johnson Service Group PLC (LON:JSG - Get Free Report) shares shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as GBX 145.40 ($1.85) and last traded at GBX 144.60 ($1.84). 228,002 shares were traded during trading, a decline of 68% from the average session volume of 716,297 shares. The stock had previously closed at GBX 144 ($1.84).

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Johnson Service Group from GBX 200 ($2.55) to GBX 205 ($2.62) and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Berenberg Bank raised their price target on shares of Johnson Service Group from GBX 185 ($2.36) to GBX 195 ($2.49) and gave the stock a "buy" rating in a report on Wednesday, September 4th.

Johnson Service Group Stock Up 2.1 %

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 business has a 50 day simple moving average of GBX 148.03 and a 200-day simple moving average of GBX 155.53. The firm has a market capitalization of £611.80 million, a price-to-earnings ratio of 2,108.57, a P/E/G ratio of 10.18 and a beta of 1.80.

About Johnson Service Group

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom and Ireland. It operates in two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment offers workwear and protective wear rental; and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundry services.