Johnson Service Group (LON:JSG) Stock Passes Below Two Hundred Day Moving Average of $152.79

Johnson Service Group plc (LON:JSG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $152.79 and traded as low as $167.66. Johnson Service Group shares last traded at $173.80, with a volume of 212,534 shares trading hands.

A number of brokerages have weighed in on JSG. Barclays boosted their price target on Johnson Service Group from GBX 205 ($2.68) to GBX 210 ($2.74) and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. HSBC increased their price objective on Johnson Service Group from GBX 148 ($1.93) to GBX 180 ($2.35) and gave the company a “buy” rating in a report on Friday, July 5th. Finally, Royal Bank of Canada raised their price objective on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the company an “outperform” rating in a research note on Tuesday, July 16th.

The company has a debt-to-equity ratio of 74.23, a current ratio of 0.74 and a quick ratio of 0.72. The firm has a fifty day simple moving average of GBX 168.96 and a 200 day simple moving average of GBX 152.79. The company has a market cap of $647.05 million and a price-to-earnings ratio of 23.65.

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 1.15 ($0.02) per share. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, October 3rd. Johnson Service Group’s dividend payout ratio is currently 0.41%.

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.

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