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Johnson Service ( (GB:JSG) ) just unveiled an announcement.
Johnson Service Group PLC has announced the repurchase of 168,163 ordinary shares at prices ranging from 140.00 to 142.80 pence per share, with a weighted average price of 142.1422 pence. This buyback is part of a previously announced programme and the company intends to cancel the purchased shares, which may impact the company’s share capital structure and potentially enhance shareholder value.
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 are the primary drivers of its score. The stock’s valuation is fair, and technical indicators suggest neutral momentum. Challenges with labor costs and pricing strategy are noted but outweighed by the company’s achievements.
To see Spark’s full report on GB:JSG stock, click here.
More about Johnson Service
Johnson Service Group PLC operates in the textile services industry, providing a range of services including workwear rental, laundry, and linen services. The company primarily focuses on serving the hospitality, healthcare, and industrial sectors, offering solutions that cater to the specific needs of these markets.
Average Trading Volume: 1,830,021
Technical Sentiment Signal: Buy
Current Market Cap: £537.6M
See more data about JSG stock on TipRanks’ Stock Analysis page.