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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 228,131 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted through Barclays Bank plc on the London Stock Exchange, is part of a broader strategy to enhance shareholder value. To date, SSP Group has repurchased a total of 2,067,710 shares under this program, leaving the company with 799,608,486 ordinary shares in issue and no shares held in treasury. This move is likely to impact the company’s market positioning by potentially increasing earnings per share and demonstrating confidence in the company’s financial health.
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
Average Trading Volume: 2,056,163
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.28B
See more data about SSPG stock on TipRanks’ Stock Analysis page.