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An update from Johnson Service ( (GB:JSG) ) is now available.
Johnson Service Group PLC, a company involved in the textile services industry, announced the purchase of 173,928 of its own ordinary shares at a weighted average price of 147.8068 pence per share through Investec Bank plc. This transaction is part of a buyback program initiated earlier in the year, with the intention to cancel the purchased shares, 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, coupled with positive technical indicators and proactive corporate actions such as share buybacks, support a robust stock score. The valuation is reasonable, providing a balanced risk-reward profile.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,589,706
Technical Sentiment Signal: Strong Buy
Current Market Cap: £594.4M
For an in-depth examination of JSG stock, go to TipRanks’ Overview page.