Johnson Service Group (LON:JSG) Price Target Raised to GBX 155

Johnson Service Group (LON:JSG) had its price objective boosted by Royal Bank of Canada from GBX 140 ($1.76) to GBX 155 ($1.95) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Separately, Berenberg Bank increased their target price on shares of Johnson Service Group from GBX 170 ($2.14) to GBX 185 ($2.32) and gave the stock a buy rating in a research report on Wednesday, May 1st.

Johnson Service Group Stock Down 1.1 %

Shares of LON JSG opened at GBX 155.20 ($1.95) on Tuesday. The company has a debt-to-equity ratio of 41.03, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market capitalization of £643.18 million, a PE ratio of 2,586.67, a P/E/G ratio of 10.18 and a beta of 1.65. Johnson Service Group has a one year low of GBX 99 ($1.24) and a one year high of GBX 160 ($2.01). The business’s fifty day moving average price is GBX 131.18 and its 200-day moving average price is GBX 135.30.

Johnson Service Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be given a GBX 1.90 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from Johnson Service Group’s previous dividend of $0.90. This represents a dividend yield of 1.34%. Johnson Service Group’s payout ratio is 5,000.00%.

Insider Activity at Johnson Service Group

In related news, insider Peter Egan bought 65,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of GBX 137 ($1.72) per share, for a total transaction of £89,050 ($111,871.86). 1.83% of the stock is currently owned by corporate insiders.

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.