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Johnson Service ( (GB:JSG) ) has provided an update.
Johnson Service Group PLC, a company engaged in the textile services industry, announced the purchase of 170,000 of its ordinary shares at a weighted average price of 142.6951 pence per share. This transaction is part of a previously announced buyback program and the company intends to cancel the purchased 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 £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
Learn more about JSG stock on TipRanks’ Stock Analysis page.