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SSP Group plc ( (GB:SSPG) ) just unveiled an announcement.
SSP Group plc has announced the purchase and cancellation of 230,000 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted through Barclays Bank plc on the London Stock Exchange, reflects SSP’s ongoing efforts to enhance shareholder value and optimize its capital structure. Following this purchase, the company now has 797,087,829 ordinary shares in issue, with no shares held in treasury, indicating a strategic move to consolidate its market position and potentially increase earnings per share.
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
SSP Group plc operates in the food and beverage industry, focusing on providing catering services in travel locations such as airports and railway stations. The company is known for managing a diverse portfolio of food and drink brands, catering to travelers across various international markets.
Average Trading Volume: 1,863,476
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.17B
See more insights into SSPG stock on TipRanks’ Stock Analysis page.