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

SSP Group plc (LON:SSPG) insider Jonathan Davies purchased 71 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average cost of GBX 176 ($2.20) per share, with a total value of £124.96 ($155.89).

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

• On Friday, December 6th, Jonathan Davies bought 67 shares of SSP Group stock. The stock was purchased at an average cost of GBX 186 ($2.32) per share, for a total transaction of £124.62 ($155.46).
• On Wednesday, November 6th, Jonathan Davies bought 78 shares of SSP Group stock. The stock was purchased at an average price of GBX 161 ($2.01) per share, with a total value of £125.58 ($156.66).

SSP Group Price Performance

SSPG stock opened at GBX 175.30 ($2.19) on Wednesday. The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 17,530.00, a P/E/G ratio of -0.77 and a beta of 1.88. 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 company has a 50 day simple moving average of GBX 170.43 and a 200 day simple moving average of GBX 167.21. SSP Group plc has a 1 year low of GBX 142.20 ($1.77) and a 1 year high of GBX 235 ($2.93).

SSP Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 30th will be paid 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 is Thursday, January 30th. SSP Group’s dividend payout ratio is presently 20,000.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research note on Wednesday, December 4th. Berenberg Bank reiterated a “hold” rating and issued a GBX 180 ($2.25) price target on shares of SSP Group in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on SSP Group from GBX 200 ($2.50) to GBX 210 ($2.62) and gave the stock a “neutral” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 246.25 ($3.07).

About SSP Group

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.