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Johnson Service ( (GB:JSG) ) just unveiled an update.
Johnson Service Group PLC, a company involved in the textile services industry, has announced the repurchase of 84,227 of its ordinary shares at prices ranging between 140.00 and 142.00 pence per share. This transaction is part of a previously announced buyback program, and the company plans to cancel the repurchased 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 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 displays strong financial performance and strategic initiatives such as a move to the Main Market and share buybacks. While technical indicators are neutral, the company’s fair valuation and proactive capital management provide a solid foundation for future growth.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 3,718,055
Technical Sentiment Signal: Buy
Current Market Cap: £550.5M
Learn more about JSG stock on TipRanks’ Stock Analysis page.