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The latest announcement is out from Johnson Service ( (GB:JSG) ).
Johnson Service Group PLC, a company involved in the textile services industry, has announced a share buyback transaction. The company purchased 128,083 of its ordinary shares at a weighted average price of 144.1219 pence per share, with the intention to cancel these shares. This move is part of a previously announced buyback program and reflects the company’s strategy to manage its capital structure, potentially enhancing shareholder value.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £162.00 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’s strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. While technical indicators show a neutral trend, the company’s valuation is balanced, supporting a favorable outlook. Addressing debt levels and pricing challenges will be crucial for future growth.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 1,719,973
Technical Sentiment Signal: Buy
Current Market Cap: £557.6M
Find detailed analytics on JSG stock on TipRanks’ Stock Analysis page.