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SSP Group plc ( (GB:SSPG) ) just unveiled an update.
SSP Group plc, a company involved in the food and beverage industry, announced the purchase and cancellation of 225,309 ordinary shares as part of its ongoing £100 million share repurchase program. This transaction, conducted with Barclays Bank plc, is part of SSP’s strategy to manage its share capital and potentially enhance shareholder value. Following this transaction, the total number of shares in issue is 794,806,183, with no shares held in treasury, indicating a streamlined share structure that may impact voting rights and shareholder influence.
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: 1,920,992
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.12B
Find detailed analytics on SSPG stock on TipRanks’ Stock Analysis page.