SSP Group (LON:SSPG) Given “House Stock” Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of SSP Group (LON:SSPG) in a research note released on Wednesday morning, MarketBeat Ratings reports.

A number of other equities research analysts also recently weighed in on SSPG. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 305 ($3.88) price objective on shares of SSP Group in a research report on Monday, June 10th. JPMorgan Chase & Co. dropped their price target on SSP Group from GBX 320 ($4.07) to GBX 300 ($3.81) and set an overweight rating on the stock in a research report on Tuesday, May 28th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SSP Group has a consensus rating of Buy and a consensus target price of GBX 296.25 ($3.76).

SSP Group Stock Down 2.4 %

SSPG stock opened at GBX 156.10 ($1.98) on Wednesday. The firm has a market cap of £1.25 billion, a price-to-earnings ratio of 16,000.00, a PEG ratio of -0.77 and a beta of 1.80. SSP Group has a 1-year low of GBX 155.60 ($1.98) and a 1-year high of GBX 267 ($3.39). The firm has a fifty day moving average price of GBX 187.05 and a two-hundred day moving average price of GBX 211.11. The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66.

SSP Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 0.57%. SSP Group’s dividend payout ratio is presently 20,000.00%.

Insider Buying and Selling

In other SSP Group news, insider Patrick Coveney purchased 40,000 shares of SSP Group stock in a transaction on Wednesday, May 22nd. The stock was bought at an average price of GBX 185 ($2.35) per share, for a total transaction of £74,000 ($94,027.95). Insiders acquired 40,133 shares of company stock valued at $7,424,928 in the last three months. 0.63% of the stock is currently owned by corporate insiders.

About SSP Group

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.