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Johnson Service ( (GB:JSG) ) has shared an announcement.
Johnson Service Group PLC has announced the repurchase of 265,341 ordinary shares at a weighted average price of 138.0193 pence, as part of its previously announced share buyback programme. This strategic move is expected to enhance shareholder value by reducing share count while showcasing the company’s focus on strengthening its market position and returning value to stakeholders.
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
Johnson Service Group PLC operates in the textile services industry, providing specialized rental and cleaning services for workwear and linens. The company serves multiple sectors, including hospitality, catering, and industrial markets across the UK.
Average Trading Volume: 1,605,897
Technical Sentiment Signal: Hold
Current Market Cap: £521.6M
Learn more about JSG stock on TipRanks’ Stock Analysis page.