Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from SSP Group plc ( (GB:SSPG) ).
SSP Group plc, a company involved in the food and beverage industry, has announced the purchase and cancellation of 230,000 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted with Barclays Bank plc, is part of a broader strategy to optimize the company’s capital structure and potentially enhance shareholder value. Following this purchase, SSP Group’s total number of shares in issue stands at 801,216,196, with no shares held in treasury, indicating a streamlined approach to managing its equity base.
The most recent analyst rating on (GB:SSPG) stock is a Hold with a £180.00 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 cash flow generation, is a key strength. However, high leverage and modest profitability, combined with mixed technical indicators and a negative P/E ratio, suggest caution. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:SSPG stock, click here.
More about SSP Group plc
Average Trading Volume: 1,996,682
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.28B
Find detailed analytics on SSPG stock on TipRanks’ Stock Analysis page.