Johnson Service ( (GB:JSG) ) has provided an update.
Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 246,213 of its ordinary shares at prices ranging from 126.00 to 131.60 pence per share, with a weighted average price of 128.0780 pence. The company plans to cancel these shares as part of its buyback program initiated on March 5, 2025, which could potentially enhance shareholder value by reducing the number of shares outstanding and increasing earnings per share.
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 and strategic share buybacks are positive indicators. However, the technical indicators suggest caution due to potential downward pressure, balancing the overall score.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
YTD Price Performance: -2.65%
Average Trading Volume: 969,721
Technical Sentiment Signal: Buy
Current Market Cap: £513.1M
See more insights into JSG stock on TipRanks’ Stock Analysis page.