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SSP Group plc ( (GB:SSPG) ) has shared an announcement.
SSP Group plc announced the purchase and cancellation of 230,000 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted through Barclays Bank plc on the London Stock Exchange, is part of SSP’s strategy to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share. Following this transaction, the total number of shares in issue stands at 799,378,486, with no shares held in treasury, indicating a streamlined capital structure.
The most recent analyst rating on (GB:SSPG) stock is a Buy with a £190.00 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
SSP Group plc operates in the food and beverage industry, primarily focusing on providing dining services in travel locations such as airports and train stations. The company is known for its wide range of food and drink offerings tailored to travelers, with a significant presence in the UK and international markets.
Average Trading Volume: 2,163,903
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.29B
Learn more about SSPG stock on TipRanks’ Stock Analysis page.