Johnson Service Group (LON:JSG) Share Price Crosses Above Two Hundred Day Moving Average of $149.95

Johnson Service Group PLC (LON:JSG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 149.95 ($1.98) and traded as high as GBX 161.20 ($2.13). Johnson Service Group shares last traded at GBX 160 ($2.11), with a volume of 270,587 shares.

Wall Street Analysts Forecast Growth

JSG has been the topic of a number of analyst reports. Berenberg Bank increased their price objective on shares of Johnson Service Group from GBX 185 ($2.44) to GBX 195 ($2.58) and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Johnson Service Group from GBX 200 ($2.64) to GBX 205 ($2.71) and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

Johnson Service Group Price Performance

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 company has a market cap of £663.20 million, a price-to-earnings ratio of 2,285.71, a PEG ratio of 10.18 and a beta of 1.80. The business has a fifty day moving average price of GBX 157.98 and a 200 day moving average price of GBX 149.95.

Johnson Service Group Cuts Dividend

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

Johnson Service Group Company Profile

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.