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Johnson Service Group Executes Share Buyback

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Johnson Service Group Executes Share Buyback

Confident Investing Starts Here:

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

Johnson Service Group PLC, a company involved in the textile services industry, has announced the repurchase of 396,439 of its ordinary shares at prices ranging from 139.60 to 142.60 pence per share. This buyback is part of a previously announced program and the company intends to cancel the purchased shares, which could potentially enhance shareholder value by reducing the number of shares outstanding.

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 shows a strong financial performance with solid operational metrics and strategic corporate actions like share buybacks and market transition. However, moderate valuation metrics and neutral technical indicators slightly temper the overall outlook.

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

More about Johnson Service

Average Trading Volume: 1,375,030

Technical Sentiment Signal: Strong Buy

Current Market Cap: £608.3M

Find detailed analytics on JSG stock on TipRanks’ Stock Analysis page.

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