Investec Reaffirms Buy Rating for Johnson Service Group plc (JSG)
Johnson Service Group plc (LON:JSG)‘s stock had its “buy” rating reissued by stock analysts at Investec in a research note issued to investors on Monday, MarketBeat reports. They currently have a GBX 100 ($1.42) target price on the stock. Investec’s price objective suggests a potential upside of 14.04% from the company’s previous close.
Shares of Johnson Service Group plc (LON:JSG) opened at 89.7500 on Monday. The stock has a 50 day moving average price of GBX 88.52 and a 200-day moving average price of GBX 87.69. Johnson Service Group plc has a 52 week low of GBX 68.00 and a 52 week high of GBX 95.41. The company’s market capitalization is GBX 296.61 million.
In other news, insider Monaghan,Yvonne sold 200,000 shares of the stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of GBX 88 ($1.25), for a total transaction of £176,000 ($250,747.97).
Johnson Service Group PLC is a United Kingdom-based company that provides textile related services to both businesses and consumers. The Company has two operating segments: Textile Rental and Drycleaning. The Textile Rental segment is engaged in the provision and laundering of workwear, roller towels, corporate apparel, dust mats, linen for the hotel, catering and hospitality markets, linen for the high volume hotel market and the direct sale of associated products. The Textile Rental business trades through three brands servicing three market sectors within Textile Rental in the United Kingdom: Apparelmaster, Stalbridge and Bourne. The Drycleaning segment is involved in the provision of retail and commercial drycleaning and other associated support services. The Drycleaning business operates under two brands: Johnson Cleaners and Jeeves. The Company’s subsidiaries include Johnsons Apparelmaster Limited, Johnson Cleaners UK Limited and Jeeves of Belgravia Limited, among others.
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