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Johnson Service ( (GB:JSG) ) has provided an announcement.
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 315,000 of its ordinary shares at a weighted average price of 152.9080 pence per share. This buyback is part of a previously announced program and the company intends to cancel the purchased shares, which may impact the company’s share value and investor perception by reducing the number of shares in circulation.
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, coupled with positive technical indicators and proactive corporate actions such as share buybacks, support a robust stock score. The valuation is reasonable, providing a balanced risk-reward profile.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,605,512
Technical Sentiment Signal: Strong Buy
Current Market Cap: £611.5M
See more insights into JSG stock on TipRanks’ Stock Analysis page.