SSP Group PLC (LON:SSPG) Insider Jonathan Davies Purchases 19 Shares

SSP Group PLC (LON:SSPG) insider Jonathan Davies bought 19 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of GBX 658 ($8.66) per share, for a total transaction of £125.02 ($164.46).

Shares of SSP Group stock opened at GBX 637 ($8.38) on Wednesday. The company has a market cap of $2.85 billion and a price-to-earnings ratio of 23.00. The company’s 50 day moving average is GBX 649.86 and its 200 day moving average is GBX 670.10. SSP Group PLC has a twelve month low of GBX 602 ($7.92) and a twelve month high of GBX 751.07 ($9.88). The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 173.56.

The business also recently disclosed a dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 5th will be given a dividend of GBX 6 ($0.08) per share. This is an increase from SSP Group’s previous dividend of $5.80. The ex-dividend date of this dividend is Thursday, March 5th. This represents a yield of 0.95%. SSP Group’s dividend payout ratio is 0.43%.

SSPG has been the topic of several analyst reports. Shore Capital reiterated a “buy” rating on shares of SSP Group in a research note on Thursday, November 28th. HSBC upgraded shares of SSP Group to a “buy” rating in a research note on Thursday, December 5th. UBS Group reiterated a “neutral” rating and issued a GBX 680 ($8.95) target price (down previously from GBX 695 ($9.14)) on shares of SSP Group in a research note on Thursday, November 28th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 680 ($8.95) target price on shares of SSP Group in a research note on Wednesday, November 20th. Finally, Liberum Capital reiterated a “buy” rating on shares of SSP Group in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. SSP Group currently has an average rating of “Hold” and a consensus target price of GBX 693.33 ($9.12).

SSP Group Company Profile

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

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