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The latest update is out from SSP Group plc ( (GB:SSPG) ).
SSP Group plc, a company involved in a £100 million share repurchase program, announced the purchase and cancellation of 230,000 ordinary shares from Barclays Bank plc. This transaction is part of their ongoing effort to manage their capital structure and return value to shareholders. Following this purchase, the total number of shares in issue is 793,073,877, reflecting the company’s commitment to optimizing shareholder value through strategic buybacks.
The most recent analyst rating on (GB:SSPG) stock is a Hold with a £170.00 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: 1,984,788
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.2B
For detailed information about SSPG stock, go to TipRanks’ Stock Analysis page.