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Johnson Service ( (GB:JSG) ) has issued an update.
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 145,401 of its ordinary shares at a weighted average price of 141.3189 pence per share. This transaction is part of a previously announced buyback program, with the purchased shares intended for cancellation. This move could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing the value of remaining shares.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £2.00 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 strategic share buyback program are key strengths, enhancing shareholder value. The technical indicators suggest a stable but not overly bullish market sentiment, while the valuation remains fair with a reasonable P/E ratio and dividend yield.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 3,755,194
Technical Sentiment Signal: Buy
Current Market Cap: £555.9M
For detailed information about JSG stock, go to TipRanks’ Stock Analysis page.