Insider Buying: SSP Group plc (LON:SSPG) Insider Buys £124.96 in 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 shares were purchased at an average cost of GBX 176 ($2.17) per share, for a total transaction of £124.96 ($153.76).

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 acquired at an average price of GBX 186 ($2.29) per share, for a total transaction of £124.62 ($153.34).
• On Wednesday, November 6th, Jonathan Davies purchased 78 shares of SSP Group stock. The shares were acquired at an average price of GBX 161 ($1.98) per share, for a total transaction of £125.58 ($154.52).

SSP Group Stock Performance

LON:SSPG opened at GBX 172.88 ($2.13) on Friday. 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 twelve month low of GBX 142.20 ($1.75) and a twelve month high of GBX 235 ($2.89). The stock has a market cap of £1.38 billion, a P/E ratio of 17,287.90, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The firm’s fifty day simple moving average is GBX 170.71 and its 200 day simple moving average is GBX 167.57.

SSP Group Increases Dividend

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

Analyst Upgrades and Downgrades

SSPG has been the subject of a number of research analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 180 ($2.21) price objective on shares of SSP Group in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of SSP Group from GBX 200 ($2.46) to GBX 210 ($2.58) and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, SSP Group has a consensus rating of “Moderate Buy” and an average target price of GBX 246.25 ($3.03).

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.