Johnson Service Group (LON:JSG) Stock Passes Below 200 Day Moving Average – Should You Sell?

Posted by Shane Hupp on Oct 15th, 2024

Johnson Service Group PLC (LON:JSG – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 152.61 ($1.99) and traded as low as GBX 152.18 ($1.99). Johnson Service Group shares last traded at GBX 154.80 ($2.02), with a volume of 462,780 shares trading hands.

Analyst Ratings Changes

JSG has been the topic of a number of analyst reports. Berenberg Bank boosted their target price on shares of Johnson Service Group from GBX 185 ($2.42) to GBX 195 ($2.55) and gave the company a “buy” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Johnson Service Group from GBX 200 ($2.61) to GBX 205 ($2.68) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Get Our Latest Stock Analysis on Johnson Service Group

Johnson Service Group Stock Performance

The business has a fifty day moving average of GBX 156.70 and a 200-day moving average of GBX 152.61. The company has a market cap of £641.65 million, a PE ratio of 2,211.43, a P/E/G ratio of 10.18 and a beta of 1.80. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 44.23.

Johnson Service Group Cuts Dividend

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

About Johnson Service Group

(Get Free Report)

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.