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Johnson Service Group Executes Share Buyback

Story Highlights
  • Johnson Service Group repurchased 107,030 shares at prices between 135.20 and 137.40 pence.
  • The repurchased shares will be canceled, affecting share value and market perception.
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Johnson Service Group Executes Share Buyback

Johnson Service ( (GB:JSG) ) has shared an announcement.

Johnson Service Group PLC, a company involved in the textile services industry, announced the repurchase of 107,030 of its ordinary shares at prices ranging from 135.20 to 137.40 pence per share, with a weighted average price of 136.5671 pence. This transaction is part of a previously announced buyback program and the purchased shares are intended to be canceled, potentially impacting the company’s share value and market perception by reducing the number of shares available in the market.

More about Johnson Service

YTD Price Performance: 1.33%

Average Trading Volume: 801,036

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £567.9M

For a thorough assessment of JSG stock, go to TipRanks’ Stock Analysis page.

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