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SSP Group plc ( (GB:SSPG) ) has issued an update.
SSP Group plc, a company involved in the food and beverage industry, has announced the purchase and cancellation of 108,062 of its ordinary shares from Barclays Bank plc as part of its £100 million share repurchase programme. This transaction, conducted on the London Stock Exchange, is part of SSP’s ongoing efforts to manage its capital structure effectively. Following this purchase, the total number of shares in issue is now 794,545,815, which may impact the company’s market positioning and shareholder value.
The most recent analyst rating on (GB:SSPG) stock is a Buy with a £220.00 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: 2,881,222
Technical Sentiment Signal: Hold
Current Market Cap: £1.44B
See more insights into SSPG stock on TipRanks’ Stock Analysis page.