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An update from Johnson Service ( (GB:JSG) ) is now available.
Johnson Service Group PLC, a company involved in the textile services industry, has announced the repurchase of 99,682 of its ordinary shares at an average price of 139.2866 pence per share through Investec Bank plc. The company plans to cancel these shares as part of its ongoing buyback program, initially announced in March 2025. This move is likely aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s financial health.
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 corporate actions, including a significant share buyback program and a move to the Main Market, are major positives. However, technical indicators point to bearish momentum, which could deter short-term investors. Valuation metrics are solid, suggesting fair pricing with a good dividend yield.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 3,638,820
Technical Sentiment Signal: Buy
Current Market Cap: £558M
For a thorough assessment of JSG stock, go to TipRanks’ Stock Analysis page.