TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
SSP Group plc ( (GB:SSPG) ) has issued an announcement.
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. The shares were acquired from Barclays Bank plc through transactions on the London Stock Exchange. This move is part of SSP’s ongoing strategy to manage its capital structure effectively, having already repurchased over 6 million shares. The total number of voting rights in the company now stands at 795,485,868, reflecting the company’s commitment to enhancing shareholder value.
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: 1,934,297
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.15B
For an in-depth examination of SSPG stock, go to TipRanks’ Overview page.