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An announcement from Johnson Service ( (GB:JSG) ) is now available.
Johnson Service Group PLC, a company engaged in the acquisition of its own shares, has announced the purchase of 282,331 ordinary shares at a weighted average price of 158.3205 pence per share through Investec Bank plc. The company plans to cancel these shares as part of a buyback program initiated in March 2025. This move is likely aimed at optimizing the company’s capital structure and could potentially enhance shareholder value 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.
The overall stock score is primarily driven by strong financial performance and strategic corporate events such as share buybacks and market listing changes, which bolster investor confidence. Technical analysis also supports the stock’s strength, though caution is advised due to a potential overbought condition. Valuation remains reasonable, aligning with industry standards.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,700,367
Technical Sentiment Signal: Strong Buy
Current Market Cap: £638.6M
Find detailed analytics on JSG stock on TipRanks’ Stock Analysis page.