Johnson Service Group (LON:JSG) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Johnson Service Group PLC (LON:JSG)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 153.67 ($1.93) and traded as low as GBX 135.20 ($1.69). Johnson Service Group shares last traded at GBX 135.20 ($1.69), with a volume of 330,513 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JSG shares. Deutsche Bank Aktiengesellschaft raised their target price on Johnson Service Group from GBX 200 ($2.51) to GBX 205 ($2.57) and gave the company a “buy” rating in a report on Wednesday, September 4th. Berenberg Bank raised their target price on Johnson Service Group from GBX 185 ($2.32) to GBX 195 ($2.44) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Johnson Service Group Stock Performance

The company’s fifty day simple moving average is GBX 144.37 and its two-hundred day simple moving average is GBX 153.67. The company has a market capitalization of £560.40 million, a price-to-earnings ratio of 1,931.43, a price-to-earnings-growth ratio of 10.18 and a beta of 1.80. The company has a debt-to-equity ratio of 44.23, a quick ratio of 0.80 and a current ratio of 1.00.

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.