SSP Group (LON:SSPG) Price Target Raised to GBX 210

SSP Group (LON:SSPG) had its target price boosted by JPMorgan Chase & Co. from GBX 200 ($2.52) to GBX 210 ($2.65) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on SSPG. Shore Capital restated a “house stock” rating on shares of SSP Group in a research report on Wednesday, December 4th. Berenberg Bank reiterated a “hold” rating and set a GBX 180 ($2.27) price target on shares of SSP Group in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, SSP Group has an average rating of “Moderate Buy” and an average price target of GBX 246.25 ($3.11).

SSP Group Stock Performance

Shares of SSPG opened at GBX 186.30 ($2.35) on Thursday. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. The stock has a market capitalization of £1.49 billion, a price-to-earnings ratio of 18,630.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. SSP Group has a 52-week low of GBX 142.20 ($1.79) and a 52-week high of GBX 243.20 ($3.07). The stock’s 50-day simple moving average is GBX 166.05 and its 200 day simple moving average is GBX 165.75.

SSP Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 30th will be paid a GBX 2.30 ($0.03) dividend. This represents a yield of 1.42%. The ex-dividend date is Thursday, January 30th. This is a boost from SSP Group’s previous dividend of $1.20. SSP Group’s dividend payout ratio is currently 20,000.00%.

Insider Buying and Selling at SSP Group

In other news, insider Jonathan Davies sold 33,392 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.01), for a total value of £53,093.28 ($67,011.59). Also, insider Apurvi Sheth bought 4,500 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was acquired at an average price of GBX 167 ($2.11) per share, for a total transaction of £7,515 ($9,485.04). Insiders have bought 4,724 shares of company stock worth $789,002 over the last 90 days. Corporate insiders own 0.66% of the company’s stock.

SSP Group Company Profile

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.