SSP Group plc (LON:SSPG - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 172.65 ($2.13) and traded as high as GBX 177.10 ($2.19). SSP Group shares last traded at GBX 173.80 ($2.15), with a volume of 836,343 shares traded.
Analysts Set New Price Targets
SSPG has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of SSP Group from GBX 200 ($2.47) to GBX 210 ($2.59) and gave the company a "neutral" rating in a research note on Thursday, December 12th. Shore Capital reaffirmed a "house stock" rating on shares of SSP Group in a report on Thursday. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 180 ($2.22) price target on shares of SSP Group in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 246.25 ($3.04).
View Our Latest Stock Report on SSPG
SSP Group Trading Down 1.3 %
The firm has a 50 day moving average of GBX 173.09 and a 200-day moving average of GBX 169.06. The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27. The firm has a market capitalization of £1.37 billion, a P/E ratio of 17,160.00, a PEG ratio of -0.77 and a beta of 1.88.
SSP Group (LON:SSPG - Get Free Report) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) EPS for the quarter. SSP Group had a return on equity of 17.67% and a net margin of 0.24%. On average, equities research analysts predict that SSP Group plc will post 13.1004016 earnings per share for the current fiscal year.
SSP Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 30th will be given a dividend of GBX 2.30 ($0.03) per share. This is an increase from SSP Group's previous dividend of $1.20. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 30th. SSP Group's dividend payout ratio is currently 20,000.00%.
About SSP Group
(
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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.
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