SSP Group (LON:SSPG) Insider Acquires £30,780 in Stock

SSP Group plc (LON:SSPG) insider Karina Deacon bought 18,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average cost of GBX 171 per share, with a total value of £30,780.

SSP Group Price Performance

SSP Group stock traded up GBX 22.68 during mid-day trading on Thursday, hitting GBX 170.78. The company’s stock had a trading volume of 14,263,509 shares, compared to its average volume of 3,445,873. The stock has a market capitalization of £1.36 billion, a P/E ratio of -56.93, a P/E/G ratio of -0.77 and a beta of 1.88. SSP Group plc has a twelve month low of GBX 134.10 and a twelve month high of GBX 196.30. The stock’s fifty day moving average price is GBX 156.06 and its two-hundred day moving average price is GBX 162.64. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29.

SSP Group (LON:SSPG) last released its quarterly earnings data on Thursday, December 4th. The company reported GBX 11 earnings per share for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. Research analysts forecast that SSP Group plc will post 13.1004016 earnings per share for the current year.

SSP Group declared that its Board of Directors has authorized a share buyback program on Thursday, October 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have commented on SSPG. Citigroup reaffirmed a “buy” rating and set a GBX 310 price objective (down from GBX 330) on shares of SSP Group in a research note on Monday, October 13th. Peel Hunt restated a “buy” rating and issued a GBX 275 price target on shares of SSP Group in a research report on Friday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft cut their target price on shares of SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Finally, Shore Capital restated a “house stock” rating on shares of SSP Group in a report on Thursday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 232.83.

About SSP Group

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.