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SSP Group plc ( (GB:SSPG) ) has provided an update.
SSP Group plc has announced the purchase and cancellation of 230,000 ordinary shares as part of its ongoing £100 million share repurchase program. This transaction, executed through Barclays Bank plc on the London Stock Exchange, is part of SSP’s strategy to reduce the number of shares in circulation, potentially enhancing shareholder value by increasing earnings per share.
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: 1,906,311
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.2B
For an in-depth examination of SSPG stock, go to TipRanks’ Overview page.