SSP Group (LON:SSPG) Receives “House Stock” Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of SSP Group (LON:SSPG) in a research report sent to investors on Wednesday, Marketbeat.com reports.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of SSP Group from GBX 320 ($4.10) to GBX 300 ($3.84) and set an overweight rating on the stock in a research report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 305 ($3.91) price objective on shares of SSP Group in a report on Thursday, July 4th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of GBX 296.25 ($3.79).

SSP Group Stock Down 0.4 %

SSP Group stock opened at GBX 177.40 ($2.27) on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27. SSP Group has a 12-month low of GBX 142.20 ($1.82) and a 12-month high of GBX 267 ($3.42). The firm’s fifty day moving average is GBX 171.77 and its 200 day moving average is GBX 202.35. The company has a market capitalization of £1.42 billion, a PE ratio of 17,740.00, a PEG ratio of -0.77 and a beta of 1.80.

SSP Group Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Patrick Coveney bought 40,000 shares of SSP Group stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of GBX 185 ($2.37) per share, for a total transaction of £74,000 ($94,786.73). Over the last 90 days, insiders have acquired 40,154 shares of company stock worth $7,424,868. Insiders own 0.63% 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.