SSP Group plc (LON:SSPG) Insider Acquires £124.96 in Stock

SSP Group plc (LON:SSPG) insider Jonathan Davies acquired 71 shares of the business’s stock in a transaction on Monday, January 6th. The shares were purchased at an average cost of GBX 176 ($2.18) per share, for a total transaction of £124.96 ($154.46).

Jonathan Davies also recently made the following trade(s):

• On Friday, December 6th, Jonathan Davies bought 67 shares of SSP Group stock. The shares were acquired at an average cost of GBX 186 ($2.30) per share, with a total value of £124.62 ($154.04).
• On Wednesday, November 6th, Jonathan Davies purchased 78 shares of SSP Group stock. The stock was bought at an average cost of GBX 161 ($1.99) per share, for a total transaction of £125.58 ($155.23).

SSP Group Trading Down 1.9 %

Shares of LON:SSPG opened at GBX 171.90 ($2.12) on Thursday. The stock’s 50-day simple moving average is GBX 170.59 and its two-hundred day simple moving average is GBX 167.53. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 17,190.00, a PEG ratio of -0.77 and a beta of 1.88. SSP Group plc has a 52-week low of GBX 142.20 ($1.76) and a 52-week high of GBX 235 ($2.90). The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35.

SSP Group Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on SSPG. Berenberg Bank reissued a “hold” rating and issued a GBX 180 ($2.22) target price on shares of SSP Group in a research note on Wednesday, October 16th. Shore Capital restated a “house stock” rating on shares of SSP Group in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of SSP Group from GBX 200 ($2.47) to GBX 210 ($2.60) and gave the company a “neutral” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, SSP Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 246.25 ($3.04).

About SSP Group

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.