SSP Group PLC (LON:SSPG) Increases Dividend to GBX 4.90 Per Share

SSP Group PLC (LON:SSPG) announced a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, March 15th will be paid 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 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 SSPG stock opened at GBX 615 ($8.50) on Wednesday. SSP Group has a fifty-two week low of GBX 402.60 ($5.56) and a fifty-two week high of GBX 693 ($9.57). The company has a market cap of $2,950.00 and a price-to-earnings ratio of 3,236.84.

A number of analysts have commented on SSPG shares. JPMorgan Chase & Co. raised shares of SSP Group to an “overweight” rating and lifted their target price for the stock from GBX 520 ($7.18) to GBX 760 ($10.50) in a report on Friday, January 12th. Shore Capital reaffirmed a “buy” rating on shares of SSP Group in a report on Wednesday, November 22nd. Goldman Sachs lowered shares of SSP Group to a “sell” rating and boosted their price target for the company from GBX 535 ($7.39) to GBX 575 ($7.94) in a report on Wednesday, January 31st. Liberum Capital reissued a “buy” rating and issued a GBX 675 ($9.33) price target on shares of SSP Group in a report on Wednesday, January 10th. Finally, HSBC boosted their price target on shares of SSP Group from GBX 540 ($7.46) to GBX 610 ($8.43) and gave the company a “hold” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. SSP Group currently has a consensus rating of “Hold” and an average price target of GBX 581.15 ($8.03).

In related news, insider Jonathan Davies sold 118,998 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of GBX 600 ($8.29), for a total value of £713,988 ($986,443.77).

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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).

Dividend History for SSP Group (LON:SSPG)

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