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Johnson Service ( (GB:JSG) ) has provided an announcement.
Johnson Service Group PLC has announced a block listing application for 812,409 ordinary shares, which have been admitted to the Equity Shares Category of the Official List of the Financial Conduct Authority and will trade on the Main Market of the London Stock Exchange. This move replaces previous AIM block admissions and is intended to satisfy awards under the company’s employee share schemes, enhancing its market positioning and potentially benefiting stakeholders by aligning employee interests with company performance.
The most recent analyst rating on (GB:JSG) stock is a Hold with a £155.00 price target. To see the full list of analyst forecasts on Johnson Service stock, see the GB:JSG Stock Forecast page.
Spark’s Take on GB:JSG Stock
According to Spark, TipRanks’ AI Analyst, GB:JSG is a Outperform.
Johnson Service Group displays strong financial performance and strategic initiatives such as a move to the Main Market and share buybacks. While technical indicators are neutral, the company’s fair valuation and proactive capital management provide a solid foundation for future growth.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Johnson Service Group PLC operates in the commercial services industry, focusing on providing textile rental and related services. The company is known for its long-term incentive and save as you earn plans, which are aimed at rewarding and retaining employees.
Average Trading Volume: 3,735,594
Technical Sentiment Signal: Buy
Current Market Cap: £562.3M
For detailed information about JSG stock, go to TipRanks’ Stock Analysis page.