SSP Group plc (LON:SSPG) Insider Purchases £125.58 in Stock

SSP Group plc (LON:SSPG) insider Jonathan Davies acquired 78 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of GBX 161 ($2.06) per share, with a total value of £125.58 ($160.49).

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

• On Monday, July 8th, Jonathan Davies acquired 78 shares of SSP Group stock. The stock was acquired at an average price of GBX 160 ($2.04) per share, with a total value of £124.80 ($159.49).
• On Thursday, June 6th, Jonathan Davies acquired 76 shares of SSP Group stock. The stock was acquired at an average price of GBX 163 ($2.08) per share, with a total value of £123.88 ($158.31).

SSP Group Stock Down 1.3 %

Shares of SSPG opened at GBX 162.60 ($2.08) on Friday. 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 plc has a one year low of GBX 142.20 ($1.82) and a one year high of GBX 248.60 ($3.18). The stock has a market capitalization of £1.30 billion, a price-to-earnings ratio of 16,500.00, a PEG ratio of -0.77 and a beta of 1.80. The stock has a 50 day moving average price of GBX 165.29 and a 200 day moving average price of GBX 195.66.

SSP Group Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on SSPG. Shore Capital restated a “house stock” rating on shares of SSP Group in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 305 ($3.90) price objective on shares of SSP Group in a research report on Thursday, July 4th. Finally, JPMorgan Chase & Co. dropped their price target on SSP Group from GBX 320 ($4.09) to GBX 300 ($3.83) and set an “overweight” rating for the company in a research report on Tuesday, May 28th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 296.25 ($3.79).

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.