SSP Group advances £100m buyback, cuts share count to 772m

SSP Group plc ( (GB:SSPG) ) has provided an announcement.

SSP Group plc has continued executing its £100 million share repurchase programme, buying 1,190,000 ordinary shares for cancellation between 11 and 15 May 2026 at a volume-weighted average price of 157.4796 pence. All purchases were conducted as on-exchange transactions via Barclays Bank plc under London Stock Exchange rules.

Following these latest buybacks, SSP has cancelled a total of 32,462,135 shares under the programme, reducing its shares in issue to 772,044,061 and confirming it holds no treasury shares. The lower share count effectively consolidates voting rights among remaining investors and may enhance earnings per share, underscoring management’s ongoing capital return strategy.

The most recent analyst rating on (GB:SSPG) stock is a Hold with a £180.00 price target. To see the full list of analyst forecasts on SSP Group plc stock, see the GB:SSPG Stock Forecast page.

Spark’s Take on SSPG Stock

According to Spark, TipRanks’ AI Analyst, SSPG is a Neutral.

The overall stock score for SSP Group plc is primarily influenced by financial performance challenges, including slow revenue growth and high leverage. Technical analysis shows strong momentum, but overbought conditions suggest caution. Valuation concerns due to a negative P/E ratio further impact the score.

To see Spark’s full report on SSPG stock, click here.

More about SSP Group plc

SSP Group plc is a UK-listed operator of food and beverage outlets primarily in travel locations such as airports and railway stations. The company focuses on serving passengers and commuters through a portfolio of branded restaurants, cafes and convenience concepts across international markets.

Average Trading Volume: 3,636,685

Technical Sentiment Signal: Strong Sell

Current Market Cap: £1.2B

Learn more about SSPG stock on TipRanks’ Stock Analysis page.