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

Johnson Service Group PLC (LON:JSG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 156.48 ($1.98) and traded as low as GBX 143.60 ($1.82). Johnson Service Group shares last traded at GBX 144.80 ($1.84), with a volume of 310,407 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on JSG. Deutsche Bank Aktiengesellschaft raised their price target on shares of Johnson Service Group from GBX 200 ($2.54) to GBX 205 ($2.60) and gave the stock a “buy” rating in a report on Wednesday, September 4th. Berenberg Bank lifted their target price on shares of Johnson Service Group from GBX 185 ($2.35) to GBX 195 ($2.47) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Johnson Service Group Stock Performance

The company has a debt-to-equity ratio of 44.23, a current ratio of 1.00 and a quick ratio of 0.80. The company has a market capitalization of £596.88 million, a PE ratio of 2,068.57, a PEG ratio of 10.18 and a beta of 1.80. The company has a 50 day moving average of GBX 152.90 and a two-hundred day moving average of GBX 156.48.

Johnson Service Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 3rd were given a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 0.82%. Johnson Service Group’s dividend payout ratio (DPR) is currently 4,285.71%.

About Johnson Service Group

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.