Johnson Service Group Executes Share Buyback

Johnson Service ( (GB:JSG) ) just unveiled an update.

Johnson Service Group PLC, a company involved in the textile services industry, has announced the repurchase of 141,218 of its ordinary shares at prices ranging from 148.00 to 151.20 pence per share, with a weighted average price of 149.9179 pence. This buyback is part of a previously announced programme and the company plans to cancel these shares, potentially impacting its share capital structure and 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.

Johnson Service Group’s strong financial performance and positive technical indicators underpin a solid stock score. The strategic share buyback program further enhances shareholder value. Valuation metrics are fair, supporting the overall positive outlook.

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

More about Johnson Service

Average Trading Volume: 1,001,987

Technical Sentiment Signal: Strong Buy

Current Market Cap: £608.1M

See more data about JSG stock on TipRanks’ Stock Analysis page.