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SSP Group plc ( (GB:SSPG) ) has shared an announcement.
SSP Group PLC, a UK-based company, has announced a change in the nature of its major holdings. HSBC Holdings plc, along with its subsidiaries, has increased its voting rights in SSP Group to 9.105%, up from 9.092%. This change reflects a slight increase in HSBC’s influence over SSP Group, potentially impacting the company’s strategic decisions and stakeholder interests.
The most recent analyst rating on (GB:SSPG) stock is a Hold with a £240.00 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 Outperform.
SSP Group plc is well-positioned with strong financial performance and positive corporate events, suggesting confidence in governance and future prospects. However, high leverage and an overvalued P/E ratio present risks. Technical indicators show stability but limited short-term momentum, balancing the overall stock score.
To see Spark’s full report on GB:SSPG stock, click here.
More about SSP Group plc
Average Trading Volume: 1,926,788
Technical Sentiment Signal: Sell
Current Market Cap: £1.35B
See more data about SSPG stock on TipRanks’ Stock Analysis page.