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
Johnson Service ( (GB:JSG) ) has issued an announcement.
Johnson Service Group PLC, a company involved in the textile services industry, has announced the purchase and subsequent cancellation of 251,853 of its ordinary shares as part of a buyback program. The shares were bought at a weighted average price of 139.9173 pence per share, with the transaction facilitated by Investec Bank plc. This move is part of a previously announced buyback program aimed at consolidating the company’s share capital, potentially increasing shareholder value and improving financial metrics.
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: 1,600,884
Technical Sentiment Signal: Buy
Current Market Cap: £541.2M
Find detailed analytics on JSG stock on TipRanks’ Stock Analysis page.