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SSP Group plc ( (GB:SSPG) ) has shared an update.
SSP Group plc has announced the repurchase and cancellation of 209,772 ordinary shares from Barclays Bank plc as part of its ongoing £100 million share repurchase program. This transaction is part of a larger effort by SSP Group to reduce its share capital, which now stands at 793,531,022 ordinary shares in issue, potentially enhancing shareholder value and reflecting confidence in the company’s financial stability.
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: 1,948,480
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.21B
For an in-depth examination of SSPG stock, go to TipRanks’ Overview page.