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SSP Group plc ( (GB:SSPG) ) has shared an update.
SSP Group plc announced that Mike Clasper CBE will retire as Chair and Director following the company’s 2026 AGM. The Board, led by Senior Independent Director Carolyn Bradley, is searching for a successor, with Bradley set to become Interim Chair if a replacement is not found by the AGM. Clasper’s leadership has been pivotal in navigating the company through the challenges of the Covid period and focusing on performance improvements. His departure marks a transition as SSP finalizes its strategic roadmap to enhance shareholder value. The company aims to maintain strong governance and oversight during this interim period.
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 is a global leader in operating food and beverage outlets in travel locations, employing around 49,000 people across more than 3,000 units in 38 countries. The company specializes in creating and managing a diverse range of food and drink outlets in airports, train stations, and other travel hubs, offering sit-down and quick service restaurants, bars, cafés, lounges, and food-led convenience stores. SSP Group’s portfolio includes a mix of international, national, and local brands, focused on delivering exceptional taste, value, quality, and service, while promoting sustainability in the food travel sector.
Average Trading Volume: 1,828,364
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.16B
For an in-depth examination of SSPG stock, go to TipRanks’ Overview page.