Johnson Service Group (LON:JSG) Given New GBX 155 Price Target at Royal Bank of Canada

Johnson Service Group (LON:JSG) had its target price upped by analysts at Royal Bank of Canada from GBX 140 ($1.76) to GBX 155 ($1.95) in a research report issued to clients and investors on Tuesday, LSE.Co.UK reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 0.25% from the stock’s current price.

Separately, Berenberg Bank increased their price objective on Johnson Service Group from GBX 170 ($2.14) to GBX 185 ($2.32) and gave the company a “buy” rating in a report on Wednesday, May 1st.

Johnson Service Group Price Performance

LON:JSG traded up GBX 5.21 ($0.07) during trading hours on Tuesday, hitting GBX 154.61 ($1.94). 200,450 shares of the stock were exchanged, compared to its average volume of 621,162. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 41.03. Johnson Service Group has a 52-week low of GBX 99 ($1.24) and a 52-week high of GBX 154.65 ($1.94). The company has a market cap of £640.73 million, a P/E ratio of 2,566.67, a P/E/G ratio of 10.18 and a beta of 1.65. The firm’s fifty day moving average price is GBX 130.42 and its 200 day moving average price is GBX 134.83.

Insiders Place Their Bets

In related news, insider Peter Egan purchased 65,000 shares of Johnson Service Group stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of GBX 137 ($1.72) per share, for a total transaction of £89,050 ($111,871.86). Company insiders own 1.83% of the company’s stock.

Johnson Service Group Company Profile

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