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Johnson Service ( (GB:JSG) ) has shared an update.
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 84,111 of its ordinary shares at a weighted average price of 143.5566 pence per share. This move is part of a buyback program initiated earlier in the year, and the company plans to cancel the purchased shares, potentially impacting its share value and benefiting shareholders by reducing the total number of shares outstanding.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £159.00 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 scores well due to strong financial performance, particularly in revenue and cash flow growth. Technical indicators suggest neutral momentum, and the valuation is reasonable with a moderate dividend yield. Continued focus on improving profit margins and managing debt will be key for future performance.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 3,758,266
Technical Sentiment Signal: Buy
Current Market Cap: £570M
Find detailed analytics on JSG stock on TipRanks’ Stock Analysis page.