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

Johnson Service Group (LON:JSG) had its target price increased by Berenberg Bank from GBX 170 ($2.14) to GBX 185 ($2.32) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Johnson Service Group Price Performance

Shares of JSG stock opened at GBX 149.40 ($1.88) on Wednesday. The company has a debt-to-equity ratio of 41.03, a quick ratio of 0.80 and a current ratio of 0.88. Johnson Service Group has a fifty-two week low of GBX 99 ($1.24) and a fifty-two week high of GBX 152.60 ($1.92). The firm has a market cap of £619.14 million, a P/E ratio of 2,490.00, a P/E/G ratio of 10.18 and a beta of 1.65. The business’s 50 day moving average price is GBX 130.29 and its 200-day moving average price is GBX 134.63.

Johnson Service Group Increases Dividend

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

Insider Activity

In related news, insider Peter Egan bought 65,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of GBX 137 ($1.72) per share, for a total transaction of £89,050 ($111,857.81). 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.