The stock of Johnson Service Group plc (LON:JSG) hit a new 52-week high and has GBX 143.62 target or 38.00% above today’s GBX 104.07 share price. The 9 months bullish chart indicates low risk for the GBX 378.50M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 143.62 price target is reached, the company will be worth GBX 143.83M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.55% or GBX 0.57 on September 13, hitting GBX 104.07. About 10.44M shares traded hands or 1924.66% up from the average. Johnson Service Group plc (LON:JSG) has risen 17.90% since February 15, 2016 and is uptrending. It has outperformed by 1.41% the S&P500.
Johnson Service Group PLC is a United Kingdom firm that provides textile related services to both businesses and consumers. The company has a market cap of 378.50 million GBP. The Company’s divisions include Textile Rental and Drycleaning. It has a 19.94 P/E ratio. 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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