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An announcement from SSP Group plc ( (GB:SSPG) ) is now available.
SSP Group plc, a company involved in the food and beverage industry, has announced the purchase and cancellation of 230,000 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted with Barclays Bank plc, is part of a larger effort that has seen the company repurchase over 9 million shares to date. The move is aimed at consolidating the company’s share capital and potentially enhancing shareholder value by reducing the number of shares in circulation, which may positively impact the company’s earnings per share.
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 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: 2,639,942
Technical Sentiment Signal: Hold
Current Market Cap: £1.41B
For a thorough assessment of SSPG stock, go to TipRanks’ Stock Analysis page.