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SSP Group Advances £100m Buyback, Cuts Share Count to 783.6m

Story Highlights
  • SSP Group bought 230,000 shares under its £100m buyback, cancelling them to return capital.
  • Total repurchases now exceed 20.9m shares, cutting the share count to about 783.6m in issue.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SSP Group Advances £100m Buyback, Cuts Share Count to 783.6m

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SSP Group plc ( (GB:SSPG) ) just unveiled an update.

SSP Group has continued its £100 million share repurchase programme, buying 230,000 ordinary shares on 06 March 2026 from Barclays Bank via on-exchange transactions on the London Stock Exchange. The purchases, made at a volume-weighted average price of 191.10p, are being cancelled, reflecting an ongoing effort to return capital to shareholders and manage the company’s capital structure.

In total, SSP has now acquired 20,932,660 shares for cancellation under the programme, reducing its share count and consolidating remaining investors’ ownership. Following this latest tranche, the company will have 783,573,536 ordinary shares in issue and an equal number of voting rights, with no shares held in treasury, and it will report future buyback activity on a weekly basis under updated U.K. listing rules.

The most recent analyst rating on (GB:SSPG) stock is a Buy with a £245.00 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 GB:SSPG Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB:SSPG stock, click here.

More about SSP Group plc

SSP Group plc is a U.K.-listed operator of food and beverage outlets in travel locations such as airports and railway stations. The company runs branded and bespoke restaurants, bars, cafes, and other concession formats, focusing on serving passengers and commuters in high-traffic transport hubs worldwide.

Average Trading Volume: 4,599,949

Technical Sentiment Signal: Buy

Current Market Cap: £1.47B

For detailed information about SSPG stock, go to TipRanks’ Stock Analysis page.

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