Johnson Service Group PLC Announces Share Buyback

Johnson Service ( (GB:JSG) ) just unveiled an announcement.

Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 112,836 of its ordinary shares at prices ranging from 147.20 to 149.40 pence, with a weighted average price of 148.1263 pence. This buyback is part of a previously announced program and the purchased shares are intended to be canceled, potentially impacting the company’s share value and market positioning.

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 buybacks lead to a favorable outlook. While technical indicators show positive momentum, the stock’s valuation remains fair. The absence of earnings call highlights limits further insights into management’s strategic outlook.

To see Spark’s full report on GB:JSG stock, click here.

More about Johnson Service

Average Trading Volume: 1,012,189

Technical Sentiment Signal: Strong Buy

Current Market Cap: £594M

For a thorough assessment of JSG stock, go to TipRanks’ Stock Analysis page.