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The latest announcement is out from Johnson Service ( (GB:JSG) ).
Johnson Service Group PLC, a company engaged in a share buyback program, announced the purchase of 142,135 of its ordinary shares at a weighted average price of 144.8407 pence per share. The shares were purchased through Investec Bank plc and are intended to be canceled as part of the company’s ongoing buyback program, which aims to reduce the number of shares in circulation and potentially increase shareholder value.
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 exhibits strong financial performance and benefits from strategic corporate actions such as share buybacks and a market listing upgrade. The technical analysis shows a neutral trend, while valuation metrics are attractive, contributing positively to the overall stock score.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,451,498
Technical Sentiment Signal: Strong Buy
Current Market Cap: £580.8M
For a thorough assessment of JSG stock, go to TipRanks’ Stock Analysis page.