SSP Group (SSPG) Earns Buy Rating from Liberum Capital

Liberum Capital reissued their buy rating on shares of SSP Group (LON:SSPG) in a research note released on Wednesday morning. The brokerage currently has a GBX 675 ($9.15) price objective on the stock.

Other equities research analysts have also issued reports about the company. Numis Securities reissued an add rating and set a GBX 560 ($7.59) price target on shares of SSP Group in a research report on Friday, September 29th. Shore Capital reissued a buy rating on shares of SSP Group in a research report on Wednesday, November 22nd. Panmure Gordon reissued a hold rating and set a GBX 500 ($6.78) price target on shares of SSP Group in a research report on Thursday, October 5th. lowered SSP Group to a hold rating and set a GBX 540 ($7.32) price target on the stock. in a research report on Wednesday, September 27th. Finally, JPMorgan Chase & Co. reissued a neutral rating and set a GBX 415 ($5.63) price target on shares of SSP Group in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 560.92 ($7.61).

Shares of SSP Group (SSPG) opened at GBX 663 ($8.99) on Wednesday. The stock has a market capitalization of $3,150.00 and a P/E ratio of 3,489.47. SSP Group has a 52-week low of GBX 387 ($5.25) and a 52-week high of GBX 693 ($9.40).

The business also recently disclosed a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of GBX 4.90 ($0.07) per share. This is an increase from SSP Group’s previous dividend of $3.20. This represents a yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 15th.

In related news, insider Per Utnegaard acquired 7,100 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was purchased at an average cost of GBX 676 ($9.17) per share, for a total transaction of £47,996 ($65,088.15). Over the last 90 days, insiders have purchased 7,140 shares of company stock valued at $4,824,485.

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SSP Group Company Profile

SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).

Analyst Recommendations for SSP Group (LON:SSPG)

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