Berenberg Bank Boosts Johnson Service Group (LON:JSG) Price Target to GBX 185

Johnson Service Group (LON:JSG) had its price objective upped by Berenberg Bank from GBX 170 ($2.14) to GBX 185 ($2.32) in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Johnson Service Group Stock Up 2.6 %

Johnson Service Group stock opened at GBX 149.40 ($1.88) on Wednesday. The stock’s fifty day moving average is GBX 130.29 and its two-hundred day moving average is GBX 134.63. The company has a debt-to-equity ratio of 41.03, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market cap of £619.14 million, a PE ratio of 2,490.00, a P/E/G ratio of 10.18 and a beta of 1.65. Johnson Service Group has a 1-year low of GBX 99 ($1.24) and a 1-year high of GBX 152.60 ($1.92).

Johnson Service Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be paid a dividend of GBX 1.90 ($0.02) per share. This is an increase from Johnson Service Group’s previous dividend of $0.90. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 1.34%. Johnson Service Group’s dividend payout ratio is 5,000.00%.

Insider Buying and Selling

In related news, insider Peter Egan purchased 65,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average cost of GBX 137 ($1.72) per share, with a total value of £89,050 ($111,857.81). Corporate insiders own 1.83% of the company’s stock.

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.