SSP Group (LON:SSPG) Insider Patrick Coveney Sells 91,027 Shares of Stock

SSP Group plc (LON:SSPG) insider Patrick Coveney sold 91,027 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total transaction of £176,592.38.

SSP Group Stock Performance

Shares of SSPG opened at GBX 187.50 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12. The stock has a market capitalization of £1.42 billion, a P/E ratio of -52.08, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. The firm’s fifty day simple moving average is GBX 196.93 and its two-hundred day simple moving average is GBX 184.59. SSP Group plc has a 12 month low of GBX 137.30 and a 12 month high of GBX 219.40.

Analyst Ratings Changes

Several equities research analysts recently commented on SSPG shares. Berenberg Bank raised their target price on SSP Group from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 262 target price on shares of SSP Group in a research note on Monday, August 17th. Shore Capital Group reaffirmed a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 28th. Finally, Citigroup dropped their price objective on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating on the stock in a report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 721.17.

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. These include our own brands (such as UrbanCrave, which brought the first “street eats” concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).