Johnson Service Group (LON:JSG) Stock Price Passes Below 200-Day Moving Average of $136.02

Johnson Service Group PLC (LON:JSG) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 136.02 ($1.72) and traded as low as GBX 129.40 ($1.64). Johnson Service Group shares last traded at GBX 131.40 ($1.66), with a volume of 266,896 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price objective on shares of Johnson Service Group from GBX 155 ($1.96) to GBX 170 ($2.15) and gave the company a “buy” rating in a research note on Tuesday, March 12th.

Johnson Service Group Stock Up 0.5 %

The firm’s 50-day moving average price is GBX 139.04 and its 200 day moving average price is GBX 136.02. 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 firm has a market cap of £544.55 million, a P/E ratio of 2,190.00, a price-to-earnings-growth ratio of 10.18 and a beta of 1.67.

Johnson Service Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be paid a GBX 1.90 ($0.02) dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.34%. This is a boost from Johnson Service Group’s previous dividend of $0.90. Johnson Service Group’s dividend payout ratio (DPR) is currently 5,000.00%.

Insider Buying and Selling

In related news, insider Peter Egan acquired 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of GBX 137 ($1.73) per share, with a total value of £89,050 ($112,536.33). 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. 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.