Johnson Service Group Announces Share Buyback

Johnson Service ( (GB:JSG) ) has shared an announcement.

Johnson Service Group PLC, a company involved in the textile rental and laundry services industry, announced the purchase of 244,500 of its ordinary shares at a weighted average price of 148.2137 pence per share through Investec Bank plc. The company intends to cancel these shares as part of a buyback program initiated on March 5, 2025. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.

The most recent analyst rating on (GB:JSG) stock is a Buy with a £2.00 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 demonstrates strong financial performance with solid revenue growth and cash flow. The strategic corporate actions, including share buybacks and moving to the Main Market, enhance its investment appeal. While the stock is trading positively in the technical analysis, it lacks a strong bullish momentum. The valuation metrics indicate a fair market price, supporting its potential for moderate long-term growth.

To see Spark’s full report on GB:JSG stock, click here.

More about Johnson Service

Average Trading Volume: 1,870,216

Technical Sentiment Signal: Strong Buy

Current Market Cap: £586.5M

For detailed information about JSG stock, go to TipRanks’ Stock Analysis page.