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An announcement from Johnson Service ( (GB:JSG) ) is now available.
Johnson Service Group PLC, a company involved in the textile services industry, announced the purchase of 295,098 of its own ordinary shares at a weighted average price of 156.2507 pence per share. This transaction is part of a buyback program initiated on March 5, 2025, and the company plans to cancel the purchased shares. This move is likely aimed at enhancing shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and providing a signal of confidence in the company’s financial health.
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 scores well due to strong financial performance and strategic buybacks, which enhance shareholder value. The stock benefits from positive technical indicators and a reasonable valuation. Moving to the Main Market is a strategic advance, though attention to improving net profit margins remains important.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,710,838
Technical Sentiment Signal: Strong Buy
Current Market Cap: £636.4M
See more data about JSG stock on TipRanks’ Stock Analysis page.