Johnson Service Group (LON:JSG) Price Target Increased to GBX 155 by Analysts at Royal Bank of Canada

Johnson Service Group (LON:JSG) had its price objective raised by Royal Bank of Canada from GBX 140 ($1.76) to GBX 155 ($1.95) in a research report report published on Tuesday morning, Marketbeat reports. The brokerage currently has a sector perform rating on the stock.

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

Johnson Service Group Price Performance

Shares of JSG opened at GBX 155.81 ($1.96) on Tuesday. Johnson Service Group has a 12-month low of GBX 99 ($1.24) and a 12-month high of GBX 159.80 ($2.01). The business has a 50-day simple moving average of GBX 130.68 and a two-hundred day simple moving average of GBX 135. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 41.03. The stock has a market cap of £645.72 million, a PE ratio of 2,600.00, a PEG ratio of 10.18 and a beta of 1.65.

Johnson Service Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be given a GBX 1.90 ($0.02) dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Johnson Service Group’s previous dividend of $0.90. Johnson Service Group’s payout ratio is 5,000.00%.

Insider Buying and Selling at Johnson Service Group

In other Johnson Service Group news, insider Peter Egan bought 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of GBX 137 ($1.72) per share, for a total transaction of £89,050 ($111,871.86). Corporate 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.