Johnson Service Group (LON:JSG) Shares Cross Above 50 Day Moving Average of $175.33

Shares of Johnson Service Group plc (LON:JSG) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $175.33 and traded as high as $185.00. Johnson Service Group shares last traded at $182.80, with a volume of 96,052 shares changing hands.

Several equities research analysts recently weighed in on JSG shares. Barclays boosted their target price on Johnson Service Group from GBX 205 ($2.70) to GBX 210 ($2.76) and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Peel Hunt initiated coverage on Johnson Service Group in a report on Monday, December 2nd. They set an “add” rating and a GBX 196 ($2.58) price target on the stock.

The stock has a market cap of $675.92 million and a P/E ratio of 24.70. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 74.23. The firm’s fifty day moving average is GBX 175.33 and its 200 day moving average is GBX 167.94.

Johnson Service Group Company Profile (LON:JSG)

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company supplies workwear garments and protective wear under the Apparelmaster brand, as well as provides laundering services. It also offers linen services to the hotel, restaurant, and catering markets through the Stalbridge, South West Laundry, London Linen, Bourne, Afonwen, and PLS brands.

Read More: Understanding dividend yield and dividend payout ratio

Receive News & Ratings for Johnson Service Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Service Group and related companies with MarketBeat.com's FREE daily email newsletter.