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Johnson Service ( (GB:JSG) ) just unveiled an announcement.
Johnson Service Group PLC, a company involved in the textile services industry, has announced the repurchase of 234,895 of its ordinary shares at a weighted average price of 149.8558 pence per share. This buyback, conducted through Investec Bank plc, is part of a previously announced program and the company intends to cancel the shares, potentially enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £170.00 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’s strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. Technical analysis and valuation are neutral, with no significant corporate events impacting the score.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,683,264
Technical Sentiment Signal: Strong Buy
Current Market Cap: £579M
Learn more about JSG stock on TipRanks’ Stock Analysis page.