SSP Group PLC (LON:SSPG) declared a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 15th will be given a dividend of GBX 4.90 ($0.07) per share on Thursday, March 29th. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from SSP Group’s previous dividend of $3.20. The official announcement can be seen at this link.
Shares of SSP Group (LON SSPG) opened at GBX 625.50 ($8.64) on Wednesday. SSP Group has a 52-week low of GBX 402.60 ($5.56) and a 52-week high of GBX 693 ($9.57). The company has a market capitalization of $3,010.00 and a P/E ratio of 3,292.11.
In other SSP Group news, insider Per Utnegaard acquired 7,100 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average cost of GBX 676 ($9.34) per share, with a total value of £47,996 ($66,311.14). Also, insider Jonathan Davies sold 118,998 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of GBX 600 ($8.29), for a total transaction of £713,988 ($986,443.77).
Several brokerages recently weighed in on SSPG. Liberum Capital restated a “buy” rating and issued a GBX 675 ($9.33) price target on shares of SSP Group in a research report on Tuesday, January 23rd. Numis Securities restated an “add” rating and issued a GBX 670 ($9.26) price target on shares of SSP Group in a research report on Wednesday, November 22nd. Barclays restated an “overweight” rating and issued a GBX 650 ($8.98) price target on shares of SSP Group in a research report on Thursday, November 23rd. Citigroup restated a “neutral” rating and issued a GBX 685 ($9.46) price target on shares of SSP Group in a research report on Thursday, December 21st. Finally, Shore Capital restated a “buy” rating on shares of SSP Group in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. SSP Group presently has an average rating of “Hold” and an average target price of GBX 581.15 ($8.03).
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About SSP Group
SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).
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