SSP Group Cancels Further Shares as £100m Buyback Programme Advances

SSP Group plc ( (GB:SSPG) ) has issued an announcement.

SSP Group has continued to execute its £100 million share buyback, repurchasing 676,028 ordinary shares between 7 and 10 April 2026 from Barclays Bank via on-exchange trades on the London Stock Exchange, at a volume-weighted average price of 187.5945 pence. The latest transactions, which are being cancelled, lift the cumulative total bought back under the programme to 25,957,790 shares and reduce the company’s issued share capital to 778,548,406 shares, tightening the free float and marginally enhancing earnings per share for remaining investors.

By cancelling the repurchased stock and confirming it holds no shares in treasury, SSP is signalling an ongoing commitment to returning capital to shareholders and optimising its balance sheet structure. The reduction in voting rights to 778,548,406 may also incrementally increase the ownership concentration of long-term holders, potentially supporting valuation metrics and underlining management’s confidence in the group’s prospects within the travel catering sector.

The most recent analyst rating on (GB:SSPG) stock is a Buy with a £245.00 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 SSPG Stock

According to Spark, TipRanks’ AI Analyst, SSPG is a Neutral.

The overall stock score for SSP Group plc is primarily influenced by financial performance challenges, including slow revenue growth and high leverage. Technical analysis shows strong momentum, but overbought conditions suggest caution. Valuation concerns due to a negative P/E ratio further impact the score.

To see Spark’s full report on SSPG stock, click here.

More about SSP Group plc

SSP Group plc is a U.K.-listed operator of food and beverage outlets in travel locations such as airports and railway stations. The company focuses on providing branded and bespoke catering concepts to passengers and commuters, with a portfolio spanning quick-service restaurants, bars, cafés and other concession formats across multiple international markets.

Average Trading Volume: 3,573,581

Technical Sentiment Signal: Buy

Current Market Cap: £1.48B

See more insights into SSPG stock on TipRanks’ Stock Analysis page.