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SSP Group plc ( (GB:SSPG) ) just unveiled an announcement.
SSP Group plc announced the repurchase of 229,579 of its own shares from Barclays Bank plc as part of a £100 million share repurchase program. This transaction, conducted on the London Stock Exchange, reflects SSP’s strategic initiative to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and strengthening its market position.
The most recent analyst rating on (GB:SSPG) stock is a Buy with a £3.10 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 cash flow generation, is a key strength. However, high leverage and modest profitability, combined with mixed technical indicators and a negative P/E ratio, suggest caution. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:SSPG stock, click here.
More about SSP Group plc
SSP Group plc operates in the food and beverage industry, primarily focusing on providing catering services in travel locations such as airports and railway stations. The company is known for its extensive range of food and beverage offerings tailored to the needs of travelers.
Average Trading Volume: 2,013,366
Technical Sentiment Signal: Sell
Current Market Cap: £1.3B
See more insights into SSPG stock on TipRanks’ Stock Analysis page.