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Johnson Service Group Executes Share Buyback

Story Highlights
  • Johnson Service Group PLC purchased 122,392 shares at prices between 139.20 and 141.20 pence.
  • The company plans to cancel these shares, impacting its share capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Johnson Service Group Executes Share Buyback

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An announcement from Johnson Service ( (GB:JSG) ) is now available.

Johnson Service Group PLC has announced a share buyback transaction, purchasing 122,392 of its ordinary shares at prices ranging from 139.20 to 141.20 pence per share, with a weighted average price of 139.9694 pence. This move is part of a previously announced buyback program and the company intends to cancel the purchased shares, which may impact its share capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:JSG) stock is a Buy with a £161.00 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 Group’s strong financial performance and positive earnings call sentiment are key strengths. The share buyback program further enhances shareholder value. While technical indicators are neutral, the fair valuation supports a positive outlook.

To see Spark’s full report on GB:JSG stock, click here.

More about Johnson Service

Average Trading Volume: 1,527,759

Technical Sentiment Signal: Hold

Current Market Cap: £534.3M

See more insights into JSG stock on TipRanks’ Stock Analysis page.

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