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Johnson Service ( (GB:JSG) ) has provided an announcement.
Johnson Service Group PLC, a company involved in the textile services industry, announced a share buyback transaction where it purchased 243,040 of its ordinary shares at a weighted average price of 141.3171 pence per share. This move 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 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 are the primary drivers of its score. The stock’s valuation is fair, and technical indicators suggest neutral momentum. Challenges with labor costs and pricing strategy are noted but outweighed by the company’s achievements.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,265,506
Technical Sentiment Signal: Buy
Current Market Cap: £555.4M
See more data about JSG stock on TipRanks’ Stock Analysis page.