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Johnson Service ( (GB:JSG) ) has provided an update.
Johnson Service Group PLC, a company involved in a share buyback program, announced the purchase of 150,000 of its ordinary shares at prices ranging from 143.00 to 145.20 pence per share, with a weighted average price of 144.1960 pence. The company intends to cancel these shares, which is part of a previously announced buyback program. This move is likely aimed at enhancing shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and improving market perception.
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.
The overall stock score for Johnson Service Group is driven by strong financial performance and strategic corporate events, such as the move to the Main Market and share buybacks, which enhance shareholder value. However, technical indicators suggest potential short-term volatility, and valuation metrics indicate the stock is fairly priced but not a bargain.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,949,773
Technical Sentiment Signal: Strong Buy
Current Market Cap: £579.6M
Learn more about JSG stock on TipRanks’ Stock Analysis page.