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Johnson Service ( (GB:JSG) ) has issued an update.
Johnson Service Group PLC, a company involved in the buyback of its own shares, announced the purchase of 146,980 ordinary shares at a weighted average price of 141.9829 pence per share. This transaction is part of a previously announced buyback program and the company intends to cancel the purchased shares, potentially impacting its share capital structure and shareholder value.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £159.00 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 the most significant factors contributing to its score. While technical indicators suggest a neutral to slightly bearish trend, the company’s valuation remains fair, and the dividend yield offers a moderate return. The absence of recent earnings call data limits insights into management’s forward-looking statements.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 3,764,146
Technical Sentiment Signal: Buy
Current Market Cap: £556.5M
For detailed information about JSG stock, go to TipRanks’ Stock Analysis page.