TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Johnson Service ( (GB:JSG) ) is now available.
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 255,569 of its ordinary shares at a weighted average price of 137.5845 pence per share through Investec Bank plc. This buyback is part of a previously announced 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 £158.00 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. While technical indicators suggest some bearish trends, the company’s solid fundamentals and strategic initiatives provide a positive outlook.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 1,635,965
Technical Sentiment Signal: Hold
Current Market Cap: £527.8M
Learn more about JSG stock on TipRanks’ Stock Analysis page.