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An announcement from Johnson Service ( (GB:JSG) ) is now available.
Johnson Service Group PLC, a company involved in the buyback of its own shares, announced the purchase of 138,202 ordinary shares at prices ranging from 137.80 to 143.00 pence per share, with a weighted average price of 140.7801 pence. This transaction is part of a previously announced buyback program, and the company intends to cancel the purchased shares, potentially impacting its share capital structure and market perception.
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 Neutral.
Johnson Service Group shows strong financial performance and corporate strategies like share buybacks, which enhance shareholder value. However, current technical indicators suggest a bearish trend, which tempers the overall score. Valuation is fair, supported by an attractive dividend yield.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 3,195,658
Technical Sentiment Signal: Buy
Current Market Cap: £574.4M
For detailed information about JSG stock, go to TipRanks’ Stock Analysis page.