Johnson Service Group (LON:JSG) Price Target Cut to GBX 155

Johnson Service Group (LON:JSG – Get Rating) had its price target decreased by equities researchers at Berenberg Bank from GBX 180 ($2.19) to GBX 155 ($1.89) in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 33.62% from the stock’s previous close.

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 105 ($1.28) target price on shares of Johnson Service Group in a research note on Friday, January 13th.

Johnson Service Group Trading Down 2.4 %

JSG opened at GBX 116 ($1.41) on Tuesday. Johnson Service Group has a 52 week low of GBX 69 ($0.84) and a 52 week high of GBX 126.20 ($1.54). The business has a fifty day simple moving average of GBX 109.76 and a 200-day simple moving average of GBX 98.45. The firm has a market cap of £502.12 million, a P/E ratio of 2,320.00, a P/E/G ratio of 10.18 and a beta of 1.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 19.15.

Insiders Place Their Bets

In other Johnson Service Group news, insider Peter Egan purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was bought at an average cost of GBX 117 ($1.43) per share, with a total value of £29,250 ($35,648.99). 1.04% of the stock is owned by company insiders.

Johnson Service Group Company Profile

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Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company operates through two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment supplies workwear garments and protective wear, and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundering services.