SSP Group (LON:SSPG) Reaches New 12-Month Low - Here's What Happened

SSP Group plc (LON:SSPG - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 141.60 ($1.81) and last traded at GBX 141.60 ($1.81), with a volume of 292786 shares changing hands. The stock had previously closed at GBX 153.70 ($1.96).

Analyst Upgrades and Downgrades

A number of brokerages have commented on SSPG. JPMorgan Chase & Co. boosted their price objective on SSP Group from GBX 200 ($2.56) to GBX 210 ($2.68) and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Shore Capital reiterated a "house stock" rating on shares of SSP Group in a research note on Wednesday.

SSP Group Stock Down 4.3 %

The company has a market capitalization of £1.08 billion, a PE ratio of 141.49, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The firm has a fifty day simple moving average of GBX 164.07 and a 200-day simple moving average of GBX 167.24.

SSP Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 30th were given a GBX 2.30 ($0.03) dividend. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 1.42%. This is an increase from SSP Group's previous dividend of $1.20. SSP Group's payout ratio is presently 209.62%.

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.