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An update from SSP Group plc ( (GB:SSPG) ) is now available.
SSP Group plc, a company involved in a £100 million share repurchase programme, announced the purchase and cancellation of 230,000 ordinary shares from Barclays Bank plc. This transaction is part of SSP’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this purchase, SSP Group has a total of 796,172,191 ordinary shares in issue, with no shares held in treasury, impacting the total number of voting rights in the company.
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: 1,839,224
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.17B
See more insights into SSPG stock on TipRanks’ Stock Analysis page.