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The latest announcement is out from Johnson Service ( (GB:JSG) ).
Johnson Service Group PLC, a company involved in the textile services industry, has announced the repurchase of 287,524 of its ordinary shares through Investec Bank plc as part of a previously announced buyback program. The shares were bought at prices ranging from 153.20 to 156.40 pence, with a weighted average price of 154.9828 pence per share. The company plans 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 Hold with a £155.00 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
Learn more about JSG stock on TipRanks’ Stock Analysis page.