Shore Capital Reiterates House Stock Rating for SSP Group (LON:SSPG)

Shore Capital restated their house stock rating on shares of SSP Group (LON:SSPG) in a report released on Thursday, MarketBeat Ratings reports.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on SSP Group from GBX 200 ($2.50) to GBX 210 ($2.62) and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Berenberg Bank restated a “hold” rating and set a GBX 180 ($2.25) 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 assigned a buy rating to the company. Based on data from MarketBeat, SSP Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 246.25 ($3.07).

SSP Group Stock Performance

LON SSPG opened at GBX 173.50 ($2.17) on Thursday. The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66. The stock’s 50 day simple moving average is GBX 173.71 and its 200-day simple moving average is GBX 169.11. The company has a market cap of £1.39 billion, a PE ratio of 17,350.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. SSP Group has a 1-year low of GBX 142.20 ($1.78) and a 1-year high of GBX 235 ($2.93).

SSP Group (LON:SSPG) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) EPS for the quarter. SSP Group had a return on equity of 17.67% and a net margin of 0.24%. As a group, equities research analysts anticipate that SSP Group will post 13.1004016 EPS for the current fiscal year.

SSP Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 30th will be issued a dividend of GBX 2.30 ($0.03) per share. This is a positive change from SSP Group’s previous dividend of $1.20. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 1.42%. SSP Group’s dividend payout ratio (DPR) is presently 20,000.00%.

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.