Insider Buying: SSP Group plc (LON:SSPG) Insider Buys 71 Shares of Stock

SSP Group plc (LON:SSPG) insider Jonathan Davies purchased 71 shares of the stock in a transaction dated Monday, January 6th. The shares were purchased at an average cost of GBX 176 ($2.17) per share, for a total transaction of £124.96 ($153.76).

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

• On Friday, December 6th, Jonathan Davies purchased 67 shares of SSP Group stock. The shares were acquired at an average cost of GBX 186 ($2.29) per share, with a total value of £124.62 ($153.34).
• On Wednesday, November 6th, Jonathan Davies bought 78 shares of SSP Group stock. The shares were acquired at an average cost of GBX 161 ($1.98) per share, with a total value of £125.58 ($154.52).

SSP Group Stock Performance

SSP Group stock opened at GBX 172.88 ($2.13) 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. The company has a market capitalization of £1.38 billion, a PE ratio of 17,287.90, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a 50 day moving average price of GBX 170.71 and a 200-day moving average price of GBX 167.57. SSP Group plc has a fifty-two week low of GBX 142.20 ($1.75) and a fifty-two week high of GBX 235 ($2.89).

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 issued a GBX 2.30 ($0.03) dividend. This represents a dividend yield of 1.42%. This is a boost from SSP Group’s previous dividend of $1.20. The ex-dividend date of this dividend is Thursday, January 30th. SSP Group’s dividend payout ratio is currently 20,000.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SSPG. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on shares of SSP Group from GBX 200 ($2.46) to GBX 210 ($2.58) and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 180 ($2.21) price target on shares of SSP Group in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, SSP Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 246.25 ($3.03).

SSP Group Company Profile

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.