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SSP Group plc ( (GB:SSPG) ) has shared an announcement.
SSP Group plc has announced the purchase and cancellation of 230,000 ordinary shares as part of its £100 million share repurchase program. This move, executed through Barclays Bank plc on the London Stock Exchange, reduces the company’s total shares in issue to 801,446,196 and eliminates its holdings in treasury shares, potentially enhancing shareholder value and optimizing capital structure.
The most recent analyst rating on (GB:SSPG) stock is a Buy with a £2.25 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 overall stock score is driven by strong financial performance, particularly in revenue growth and cash flow generation. However, high leverage and modest profitability are concerns. Technical indicators show mixed momentum, and valuation is challenged by a negative P/E ratio, though the dividend yield offers some compensation.
To see Spark’s full report on GB:SSPG stock, click here.
More about SSP Group plc
Average Trading Volume: 1,867,659
Technical Sentiment Signal: Sell
Current Market Cap: £1.33B
For an in-depth examination of SSPG stock, go to TipRanks’ Overview page.