Insider Buying: SSP Group plc (LON:SSPG) Insider Buys 71 Shares of Stock

SSP Group plc (LON:SSPG - Get Free Report) insider Jonathan Davies acquired 71 shares of SSP Group stock in a transaction dated Monday, January 6th. The stock was purchased at an average cost of GBX 176 ($2.20) per share, for a total transaction of £124.96 ($155.89).

Jonathan Davies also recently made the following trade(s):

• On Friday, December 6th, Jonathan Davies acquired 67 shares of SSP Group stock. The shares were bought at an average cost of GBX 186 ($2.32) per share, with a total value of £124.62 ($155.46).
• On Wednesday, November 6th, Jonathan Davies purchased 78 shares of SSP Group stock. The stock was bought at an average cost of GBX 161 ($2.01) per share, with a total value of £125.58 ($156.66).

SSP Group Stock Down 1.6 %

SSPG stock traded down GBX 2.90 ($0.04) during mid-day trading on Tuesday, reaching GBX 175.30 ($2.19). 698,024 shares of the company traded hands, compared to its average volume of 585,040. 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's 50 day moving average price is GBX 170.43 and its 200 day moving average price is GBX 167.21. The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 17,530.00, a P/E/G ratio of -0.77 and a beta of 1.88. SSP Group plc has a fifty-two week low of GBX 142.20 ($1.77) and a fifty-two week high of GBX 235 ($2.93).

SSP Group Increases Dividend

The business also recently announced 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 a boost from SSP Group's previous dividend of $1.20. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 1.42%. SSP Group's payout ratio is presently 20,000.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 180 ($2.25) target price on shares of SSP Group in a research report on Wednesday, October 16th. Shore Capital restated a "house stock" rating on shares of SSP Group in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their target price on SSP Group from GBX 200 ($2.50) to GBX 210 ($2.62) and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, SSP Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 246.25 ($3.07).

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.