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Johnson Service Group (LON:JSG) Shares Cross Above 200 Day Moving Average - Here's Why

Johnson Service Group logo with Industrials background

Johnson Service Group PLC (LON:JSG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 153.89 ($2.00) and traded as high as GBX 157.80 ($2.05). Johnson Service Group shares last traded at GBX 153.20 ($1.99), with a volume of 1,490,210 shares changing hands.

Wall Street Analysts Forecast Growth

JSG has been the topic of a number of analyst reports. Berenberg Bank upped their target price on shares of Johnson Service Group from GBX 185 ($2.40) to GBX 195 ($2.53) and gave the stock a "buy" rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Johnson Service Group from GBX 200 ($2.59) to GBX 205 ($2.66) and gave the stock a "buy" rating in a research note on Wednesday, September 4th.

Read Our Latest Report on JSG

Johnson Service Group Stock Performance

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 company's fifty day moving average price is GBX 155.73 and its 200 day moving average price is GBX 153.89. The company has a market cap of £620.09 million, a PE ratio of 2,135.14, a P/E/G ratio of 10.18 and a beta of 1.80.

Johnson Service Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 0.82%. Johnson Service Group's dividend payout ratio (DPR) is 4,285.71%.

Johnson Service Group Company Profile

(Get Free Report)

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.

Further Reading

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