SSP Group plc (LON:SSPG - Get Free Report) shares shot up 8.7% on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 176.20 ($2.23) and last traded at GBX 176.20 ($2.23). 43,722,961 shares traded hands during mid-day trading, an increase of 1,645% from the average session volume of 2,505,273 shares. The stock had previously closed at GBX 162.10 ($2.05).
The newly announced 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 is a boost from SSP Group's previous dividend of $1.20. This represents a yield of 1.42%. SSP Group's dividend payout ratio is currently 20,000.00%.
Analyst Upgrades and Downgrades
SSPG has been the subject of several recent research reports. Berenberg Bank reissued a "hold" rating and issued a GBX 180 ($2.28) price target on shares of SSP Group in a research report on Wednesday, October 16th. Shore Capital reissued a "house stock" rating on shares of SSP Group in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 268.75 ($3.40).
Get Our Latest Research Report on SSP Group
SSP Group Trading Up 9.6 %
The firm has a market capitalization of £1.42 billion, a PE ratio of 17,950.00, a PEG ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66. The firm's fifty day moving average is GBX 161.44 and its two-hundred day moving average is GBX 165.84.
Insider Transactions at SSP Group
In other SSP Group news, insider Jonathan Davies sold 33,392 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.01), for a total transaction of £53,093.28 ($67,198.18). Also, insider Apurvi Sheth acquired 4,500 shares of the company's stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average cost of GBX 167 ($2.11) per share, for a total transaction of £7,515 ($9,511.45). Insiders purchased 4,657 shares of company stock valued at $776,540 over the last three months. Company insiders own 0.66% of the company's stock.
About SSP Group
(
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SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.
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