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The latest update is out from Johnson Service ( (GB:JSG) ).
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 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 share buyback is part of a previously announced program and the purchased shares are intended to be canceled, 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 £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
For detailed information about JSG stock, go to TipRanks’ Stock Analysis page.