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Johnson Service ( (GB:JSG) ) has shared an update.
Johnson Service Group PLC, a company involved in a share buyback program, has announced the purchase of 280,915 of its own ordinary shares at prices ranging from 144.20 to 150.00 pence per share, with a weighted average price of 145.8823 pence. This move is part of a previously announced buyback program and indicates the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £170.00 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. Technical analysis and valuation are neutral, with no significant corporate events impacting the score.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 2,657,058
Technical Sentiment Signal: Strong Buy
Current Market Cap: £578.3M
Learn more about JSG stock on TipRanks’ Stock Analysis page.