Johnson Service Group Executes Share Buyback

Johnson Service ( (GB:JSG) ) has issued an update.

Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 171,566 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 142.00 to 144.00 pence, with a weighted average price of 143.0435 pence per share. The company intends to cancel these shares as part of its buyback program initiated on March 5, 2025. This move is likely aimed at consolidating ownership and potentially enhancing shareholder value.

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 demonstrates robust financial health with strong revenue growth and efficient cash flow management. The share buyback program further enhances shareholder value. However, the company’s moderate net profit margins and increased debt levels need attention. The stock’s technical indicators suggest a stable but neutral trend, and its valuation is fair, supported by a reasonable dividend yield.

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

More about Johnson Service

Average Trading Volume: 2,384,902

Technical Sentiment Signal: Strong Buy

Current Market Cap: £583.8M

For a thorough assessment of JSG stock, go to TipRanks’ Stock Analysis page.