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Johnson Service ( (GB:JSG) ) has issued an update.
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 99,559 of its ordinary shares at prices ranging from 136.00 to 140.00 pence per share, with a weighted average price of 137.7377 pence. This transaction is part of a buyback programme initiated on March 5, 2025, and the company intends to cancel the purchased shares. This move could potentially impact the company’s share value and market perception by reducing the number of shares in circulation, thus potentially increasing the value of remaining shares 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 shows a solid financial foundation with promising growth prospects. The share buyback program and market transition enhance shareholder value. However, technical indicators suggest short-term caution is warranted.
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
Find detailed analytics on JSG stock on TipRanks’ Stock Analysis page.