JSG is giving a very consistent message with the recent upbeat trading statement highlighting the upcoming interims will be ahead of expectations. The strategy to consolidate the fragmented Textile Rental sub-sectors at EBIT margins of c15% and to maintain balance sheet discipline (net debt/EBITDA is c1x) has served JSG well. We expect the interims in early September to underpin further share price appreciation and have a BUY recommendation with a price target of 160p, representing 19% upside
02 Aug 2017
Value is in the consistency of the message
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Value is in the consistency of the message
Johnson Service Group PLC (JSG:LON) | 126 -2.3 (-1.4%) | Mkt Cap: 520.9m
- Published:
02 Aug 2017 -
Author:
Andy Smith -
Pages:
5
JSG is giving a very consistent message with the recent upbeat trading statement highlighting the upcoming interims will be ahead of expectations. The strategy to consolidate the fragmented Textile Rental sub-sectors at EBIT margins of c15% and to maintain balance sheet discipline (net debt/EBITDA is c1x) has served JSG well. We expect the interims in early September to underpin further share price appreciation and have a BUY recommendation with a price target of 160p, representing 19% upside