SSP Group (LON:SSPG) Share Price Passes Above Fifty Day Moving Average - Here's Why

SSP Group plc (LON:SSPG - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 171.15 ($2.09) and traded as high as GBX 172 ($2.11). SSP Group shares last traded at GBX 169.60 ($2.08), with a volume of 1,503,663 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SSPG shares. Shore Capital restated a "house stock" rating on shares of SSP Group in a research note on Wednesday, December 4th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 180 ($2.20) target price on shares of SSP Group in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their target price on SSP Group from GBX 200 ($2.45) to GBX 210 ($2.57) and gave the company a "neutral" rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, SSP Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 246.25 ($3.01).

SSP Group Stock Performance

The firm's 50 day moving average is GBX 171.46 and its 200-day moving average is GBX 168.23. The stock has a market capitalization of £1.39 billion, a price-to-earnings ratio of 17,350.00, a PEG ratio of -0.77 and a beta of 1.88. 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 Increases Dividend

The company also recently disclosed 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 an increase from SSP Group's previous dividend of $1.20. SSP Group's dividend payout ratio is 20,000.00%.

Insider Activity

In related news, insider Apurvi Sheth acquired 4,500 shares of SSP Group stock in a transaction on Monday, October 21st. The stock was bought at an average cost of GBX 167 ($2.04) per share, for a total transaction of £7,515 ($9,198.29). Insiders have acquired 4,716 shares of company stock worth $789,016 in the last ninety days. Company insiders own 0.66% of the company's stock.

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.