SSP Group (LON:SSPG) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Shares of SSP Group plc (LON:SSPG - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 169.68 ($2.12) and traded as high as GBX 180.91 ($2.26). SSP Group shares last traded at GBX 180.70 ($2.26), with a volume of 246,593 shares.

Analyst Ratings Changes

SSPG has been the topic of a number of research reports. Shore Capital reaffirmed a "house stock" rating on shares of SSP Group in a report on Wednesday, December 4th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 180 ($2.25) price target on shares of SSP Group in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of SSP Group from GBX 200 ($2.50) to GBX 210 ($2.63) and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, SSP Group presently has an average rating of "Moderate Buy" and an average price target of GBX 246.25 ($3.08).

SSP Group Stock Up 1.7 %

The company's 50 day moving average price is GBX 169.95 and its two-hundred day moving average price is GBX 166.89. The company has a current ratio of 0.35, a quick ratio of 0.66 and a debt-to-equity ratio of 595.27. The stock has a market cap of £1.44 billion, a P/E ratio of 18,070.00, a PEG ratio of -0.77 and a beta of 1.88.

SSP Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 30th will be issued a GBX 2.30 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 1.42%. This is an increase from SSP Group's previous dividend of $1.20. SSP Group's dividend payout ratio is currently 20,000.00%.

Insiders Place Their Bets

In other news, insider Apurvi Sheth bought 4,500 shares of SSP Group stock in a transaction dated Monday, October 21st. The shares were purchased at an average cost of GBX 167 ($2.09) per share, with a total value of £7,515 ($9,403.15). Insiders acquired 4,724 shares of company stock worth $789,002 in the last three months. 0.66% of the stock is owned by company insiders.

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.