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Johnson Service ( (GB:JSG) ) just unveiled an update.
Johnson Service Group PLC, a company involved in the textile services industry, has announced the repurchase of 255,378 of its ordinary shares at a weighted average price of 138.0574 pence per share through Investec Bank plc. This transaction is part of a previously announced buyback 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 £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: 1,547,053
Technical Sentiment Signal: Hold
Current Market Cap: £515.3M
For an in-depth examination of JSG stock, go to TipRanks’ Overview page.