Johnson Service Group (LON:JSG) PT Raised to GBX 185 at Berenberg Bank

Johnson Service Group (LON:JSG) had its price objective lifted by Berenberg Bank from GBX 170 ($2.14) to GBX 185 ($2.32) in a research report released on Wednesday, Digital Look reports. The firm currently has a buy rating on the stock.

Johnson Service Group Stock Up 3.1 %

Shares of JSG stock traded up GBX 4.40 ($0.06) during trading hours on Wednesday, hitting GBX 145.80 ($1.83). 1,019,312 shares of the company’s stock traded hands, compared to its average volume of 634,747. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 41.03. The stock’s fifty day simple moving average is GBX 130.10 and its two-hundred day simple moving average is GBX 134.44. The stock has a market cap of £604.22 million, a price-to-earnings ratio of 2,416.67, a PEG ratio of 10.18 and a beta of 1.65. Johnson Service Group has a 12-month low of GBX 99 ($1.24) and a 12-month high of GBX 148.12 ($1.86).

Johnson Service Group Increases Dividend

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

Insider Activity

In related news, insider Peter Egan bought 65,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of GBX 137 ($1.72) per share, with a total value of £89,050 ($111,857.81). 1.83% of the stock is owned by corporate insiders.

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.