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Johnson Service ( (GB:JSG) ) has provided an announcement.
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 480,000 of its ordinary shares at prices ranging from 128.00 to 153.20 pence per share, with a weighted average price of 137.7001 pence. This buyback is part of a previously announced program and the company intends to cancel the purchased shares, which could impact the company’s share value and market perception by reducing the number of shares in circulation.
The most recent analyst rating on (GB:JSG) stock is a Hold with a £155.00 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 scores well due to its solid financial performance and strategic corporate events, including a market transition and share buyback program. The technical analysis also supports the positive outlook, although the valuation suggests careful consideration due to potential yield anomalies. The absence of earnings call data limits complete assessment, but the overall outlook remains positive.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,717,899
Technical Sentiment Signal: Strong Buy
Current Market Cap: £629.5M
For a thorough assessment of JSG stock, go to TipRanks’ Stock Analysis page.