Johnson Service Group plc (JSG) Coverage Initiated at Royal Bank Of Canada

Research analysts at Royal Bank Of Canada assumed coverage on shares of Johnson Service Group plc (LON:JSG) in a research note issued to investors on Thursday. The brokerage set an “outperform” rating and a GBX 130 ($1.61) price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 21.78% from the stock’s current price.

Shares of Johnson Service Group plc (LON:JSG) opened at 106.8125 on Thursday. Johnson Service Group plc has a 12-month low of GBX 83.00 and a 12-month high of GBX 113.25. The firm’s 50-day moving average is GBX 105.30 and its 200-day moving average is GBX 96.69. The company’s market capitalization is GBX 364.17 million.

The firm also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.78%.

About Johnson Service Group plc

Johnson Service Group PLC is a United Kingdom-based company that provides textile related services to both businesses and consumers. The Company’s segments include Textile Rental and Drycleaning. The Textile Rental segment is engaged in the provision and laundering of workwear, roller towels, corporate apparel, dust mats, premium linen for the hotel, catering and hospitality markets, linen for the high volume hotel market and the direct sale of associated products.

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