Berenberg Bank Cuts Johnson Service Group (LON:JSG) Price Target to GBX 200

Johnson Service Group (LON:JSG) had its price objective dropped by investment analysts at Berenberg Bank from GBX 205 to GBX 200 in a report issued on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 49.14% from the company’s current price.

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 178 price target on shares of Johnson Service Group in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 176.

Johnson Service Group Trading Up 0.7%

Johnson Service Group stock opened at GBX 134.10 on Wednesday. The firm has a 50 day simple moving average of GBX 149.57 and a 200-day simple moving average of GBX 143.28. The company has a debt-to-equity ratio of 61.87, a current ratio of 0.93 and a quick ratio of 0.80. The stock has a market capitalization of £484.45 million, a PE ratio of 14.58, a price-to-earnings-growth ratio of 10.18 and a beta of 1.03. Johnson Service Group has a 12-month low of GBX 123.80 and a 12-month high of GBX 172.10.

Johnson Service Group (LON:JSG) last announced its earnings results on Tuesday, September 8th. The company reported GBX 5 EPS for the quarter. Johnson Service Group had a return on equity of 13.04% and a net margin of 6.93%.

About Johnson Service Group

Johnson Service Group provides high quality textile rental and related services across a range of sectors throughout the UK.

Our family of high quality businesses includes “Johnsons Workwear”, “Johnsons Hotel Linen”, “Johnsons Hotel, Restaurant & Catering Linen” and “Johnsons Restaurant & Catering Linen”, each of which provides a high-quality and reliable service combined with outstanding customer care.

Across our entire family, our priorities are always clear and everything we do centres on the core values of Johnson Service Group – quality, reliability and service.

A strategy to consistently create value for shareholders, deliver outstanding customer service and offer fulfilling careers to employees lies at the heart of our business.