Johnson Service Group plc 25.0% potential upside indicated by Berenberg Bank

Johnson Service Group plc with ticker (LON:JSG) now has a potential upside of 25.0% according to Berenberg Bank.



Berenberg Bank set a target price of 185 GBX for the company, which when compared to the Johnson Service Group plc share price of 148 GBX at opening today (03/05/2024) indicates a potential upside of 25.0%. Trading has ranged between 99 (52 week low) and 152 (52 week high) with an average of 608,020 shares exchanging hands daily. The market capitalisation at the time of writing is £629,082,134.

Johnson Service Group PLC provides textile rental and related services across the United Kingdom and the Republic of Ireland. The Company’s Workwear business is a supplier of workwear and protective wear in the United Kingdom, offering these services through the Johnsons Workwear brand. Its HORECA business provides linen services to hotel, restaurant and catering customers through the Johnsons Hotel Linen brand, the Johnsons Hotel, Restaurant & Catering Linen brand (which incorporates Stalbridge and South West Laundry) and the Johnsons Restaurant & Catering Linen brand (which incorporates London Linen). Also, within HORECA, its Ireland business, trading as Johnsons Belfast in Northern Ireland and as Celtic Linen in the Republic of Ireland, serves both budget and luxury hotel customers and additionally serves a number of healthcare customers. Its subsidiary, Regency Laundry Limited, has provided an increased presence in the luxury/bespoke segment of HORECA in the United Kingdom.