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

Posted by Max Byerly on Nov 19th, 2024

Johnson Service Group PLC (LON:JSG – Get Free Report)’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.

View Our Latest Research Report on Johnson Service Group

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

(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.