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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 360,978 of its ordinary shares at prices ranging from 142.00 to 145.00 pence per share. This buyback is part of a previously announced program and the company intends to cancel these 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 exhibits strong financial performance and benefits from strategic corporate actions such as share buybacks and a market listing upgrade. The technical analysis shows a neutral trend, while valuation metrics are attractive, contributing positively to the overall stock score.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,451,498
Technical Sentiment Signal: Strong Buy
Current Market Cap: £580.8M
For an in-depth examination of JSG stock, go to TipRanks’ Overview page.