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

Shore Capital restated their house stock rating on shares of SSP Group (LON:SSPG - Free Report) in a research report released on Thursday morning, MarketBeat.com reports.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on SSP Group from GBX 200 ($2.46) to GBX 210 ($2.59) and gave the company a "neutral" rating in a research report on Thursday, December 12th. Berenberg Bank restated a "hold" rating and set a GBX 180 ($2.22) price objective on shares of SSP Group in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 246.25 ($3.03).

SSP Group Trading Down 1.3 %

SSPG stock traded down GBX 2.20 ($0.03) during midday trading on Thursday, reaching GBX 171.60 ($2.11). 2,034,201 shares of the company traded hands, compared to its average volume of 4,547,996. The firm has a market capitalization of £1.37 billion, a price-to-earnings ratio of 17,160.00, a P/E/G ratio of -0.77 and a beta of 1.88. SSP Group has a 52-week low of GBX 142.20 ($1.75) and a 52-week high of GBX 235 ($2.89). The business has a 50 day moving average of GBX 173.09 and a 200-day moving average of GBX 169.06. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35.

SSP Group (LON:SSPG - Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) earnings per share (EPS) for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 17.67%. As a group, sell-side analysts expect that SSP Group will post 13.1004016 earnings per share for the current fiscal year.

SSP Group Increases Dividend

The business also recently announced 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 of this dividend is Thursday, January 30th. This is a positive change from SSP Group's previous dividend of $1.20. This represents a yield of 1.42%. SSP Group's dividend payout ratio (DPR) is currently 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.