Date: Thursday 02 Jul 2015
LONDON (ShareCast) - Investec held its 'buy' rating on Johnson Service Group and its target price of 100p, and said the stock was good value.
Shares in the textile firm rose 4.35% to 90p at 15:05 on Thursday, after it said it expected its interim results to be ahead of expectations.
Investec said in a note the stock continues to look good value and noted its core textile rental business was the standout performer.
"We continue to believe there are other interesting opportunities in the wider textile rental market which looks to have solid growth prospects and a likely near term boost from the forthcoming Rugby World Cup," analysts said in a note.
Investec made some small upgrades its full-year 2015 and full-year 2016 forecasts and predicted earnings per share would lift to 5.9p from 5.8p.