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An announcement from SSP Group plc ( (GB:SSPG) ) is now available.
SSP Group plc, a company involved in a share repurchase program, announced that it has purchased and canceled 224,376 ordinary shares from Barclays Bank plc as part of its £100 million share buyback initiative. This transaction is part of a broader effort to manage the company’s capital structure and potentially enhance shareholder value. Following this purchase, SSP Group now has 795,261,492 ordinary shares in issue, with no shares held in treasury, indicating a strategic move to streamline its shareholding structure.
The most recent analyst rating on (GB:SSPG) stock is a Hold with a £172.00 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.
SSP Group plc’s strong financial performance, particularly in revenue growth and operational efficiency, is offset by high leverage and modest profitability. Technical indicators suggest a lack of strong momentum, and the valuation is unattractive due to negative earnings. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:SSPG stock, click here.
More about SSP Group plc
Average Trading Volume: 1,943,016
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.15B
See more data about SSPG stock on TipRanks’ Stock Analysis page.