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SSP Group plc ( (GB:SSPG) ) has issued an update.
SSP Group plc has announced a share buyback programme worth up to £100 million, reflecting a strong financial position and confidence in future prospects. The programme, facilitated by Barclays Bank PLC, aims to reduce the company’s issued share capital and will be conducted in compliance with UK regulations. This move is part of SSP Group’s capital allocation strategy and highlights the company’s commitment to returning value to shareholders.
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 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
SSP Group plc is a global leader in operating food and beverage outlets located in travel hubs such as airports and train stations. With around 49,000 employees across 3,000 units in 38 countries, the company offers a variety of dining formats including 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, focusing on delivering exceptional taste, value, quality, and service. The company is committed to sustainability and aims to positively impact the food travel sector.
Average Trading Volume: 1,867,659
Technical Sentiment Signal: Sell
Current Market Cap: £1.33B
See more data about SSPG stock on TipRanks’ Stock Analysis page.