Johnson Service Group (LON:JSG) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Johnson Service Group PLC (LON:JSG)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 153.64 ($1.99) and traded as low as GBX 149.50 ($1.94). Johnson Service Group shares last traded at GBX 150.60 ($1.96), with a volume of 692,717 shares.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Johnson Service Group from GBX 200 ($2.60) to GBX 205 ($2.66) and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Berenberg Bank lifted their price target on shares of Johnson Service Group from GBX 185 ($2.40) to GBX 195 ($2.53) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Johnson Service Group Stock Down 3.4 %

The company has a market cap of £596.88 million, a P/E ratio of 2,057.14, a P/E/G ratio of 10.18 and a beta of 1.80. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 44.23. The business’s 50 day moving average is GBX 156.50 and its 200 day moving average is GBX 153.76.

Johnson Service Group Cuts Dividend

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

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.