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The latest update is out from Johnson Service ( (GB:JSG) ).
Johnson Service Group PLC, a company involved in the buyback of its own shares, has announced the purchase of 235,281 ordinary shares at a weighted average price of 156.9502 pence per share through Investec Bank plc. This transaction is part of a previously announced buyback program, and the company intends to cancel the purchased shares. The move is likely aimed at consolidating ownership and potentially enhancing shareholder value by reducing the number of shares in circulation.
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 shows a strong financial performance with solid revenue and cash flow growth, contributing significantly to the stock’s score. The active share buyback program positively impacts shareholder value and market perception. However, technical indicators suggest caution due to overbought conditions, and the valuation is moderate, offering limited upside.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,632,618
Technical Sentiment Signal: Strong Buy
Current Market Cap: £634.3M
For an in-depth examination of JSG stock, go to TipRanks’ Overview page.