Jonathan Davies Acquires 69 Shares of SSP Group plc (LON:SSPG) Stock

SSP Group plc (LON:SSPG) insider Jonathan Davies bought 69 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average price of GBX 182 ($2.28) per share, for a total transaction of £125.58 ($156.99).

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

• On Monday, January 6th, Jonathan Davies acquired 71 shares of SSP Group stock. The shares were bought at an average price of GBX 176 ($2.20) per share, for a total transaction of £124.96 ($156.22).
• On Friday, December 6th, Jonathan Davies purchased 67 shares of SSP Group stock. The shares were bought at an average price of GBX 186 ($2.33) per share, for a total transaction of £124.62 ($155.79).

SSP Group Stock Up 1.2 %

Shares of LON:SSPG traded up GBX 2.20 ($0.03) during trading on Thursday, reaching GBX 180.60 ($2.26). 601,335 shares of the company traded hands, compared to its average volume of 3,427,306. The firm has a fifty day simple moving average of GBX 177.02 and a 200 day simple moving average of GBX 169.23. The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27. SSP Group plc has a 1-year low of GBX 142.20 ($1.78) and a 1-year high of GBX 233.80 ($2.92). The firm has a market cap of £1.44 billion, a P/E ratio of 18,060.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last issued its earnings results 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%. Analysts anticipate that SSP Group plc will post 13.1004016 earnings per share for the current fiscal year.

SSP Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 30th will be given a GBX 2.30 ($0.03) dividend. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 1.42%. This is a boost from SSP Group’s previous dividend of $1.20. SSP Group’s payout ratio is currently 20,000.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SSPG shares. JPMorgan Chase & Co. increased their target price on shares of SSP Group from GBX 200 ($2.50) to GBX 210 ($2.63) and gave the company a “neutral” rating in a research note on Thursday, December 12th. Berenberg Bank reiterated a “hold” rating and issued a GBX 180 ($2.25) target price on shares of SSP Group in a report on Wednesday, October 16th. Finally, Shore Capital restated a “house stock” rating on shares of SSP Group in a research report on Thursday, January 23rd.

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.