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Johnson Service ( (GB:JSG) ) just unveiled an update.
Johnson Service Group PLC, a company operating in the textile services industry, announced the repurchase of 232,537 of its ordinary shares at prices ranging from 135.20 to 137.20 pence per share. The buyback, executed through Investec Bank plc, is part of a previously announced program and aims to cancel the repurchased shares, potentially enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:JSG) stock is a Buy with a £158.00 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 suggest some bearish trends, the company’s solid fundamentals and strategic initiatives provide a positive outlook.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Average Trading Volume: 1,594,566
Technical Sentiment Signal: Hold
Current Market Cap: £524.4M
Learn more about JSG stock on TipRanks’ Stock Analysis page.