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SSP Group plc ( (GB:SSPG) ) has issued an update.
SSP Group plc has executed a share repurchase transaction as part of its £100 million buyback program, acquiring 230,000 ordinary shares for cancellation at an average price of 160.7163 pence per share. This move is part of SSP’s ongoing efforts to enhance shareholder value, reducing the total number of shares in issue to 798,460,425, which may positively impact the company’s earnings per share and market perception.
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
SSP Group plc operates in the food and beverage industry, primarily focusing on providing catering services in travel locations such as airports and railway stations. The company is known for its extensive portfolio of brands and partnerships with leading food and beverage providers, targeting travelers and commuters as its main market segment.
Average Trading Volume: 2,044,631
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.3B
Learn more about SSPG stock on TipRanks’ Stock Analysis page.