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
An announcement from SSP Group plc ( (GB:SSPG) ) is now available.
SSP Group plc has announced the purchase and cancellation of 230,000 ordinary shares from Barclays Bank plc as part of its ongoing £100 million share repurchase programme. This transaction, conducted on the London Stock Exchange, is part of SSP’s strategy to reduce the number of shares in circulation, thereby potentially increasing the value of remaining shares and returning capital to shareholders. Following this transaction, SSP Group now has 795,031,492 ordinary shares in issue, with no shares held in treasury, which may positively impact shareholder value and market perception.
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
For detailed information about SSPG stock, go to TipRanks’ Stock Analysis page.