Shore Capital Reaffirms House Stock Rating for SSP Group (LON:SSPG)

Shore Capital reiterated their house stock rating on shares of SSP Group (LON:SSPGFree Report) in a research report report published on Wednesday morning, Marketbeat reports.

Several other research firms have also recently issued reports on SSPG. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 305 ($3.88) price objective on shares of SSP Group in a report on Monday, June 10th. JPMorgan Chase & Co. lowered their price objective on SSP Group from GBX 320 ($4.07) to GBX 300 ($3.81) and set an overweight rating on the stock in a report on Tuesday, May 28th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of GBX 296.25 ($3.76).

Read Our Latest Stock Report on SSPG

SSP Group Price Performance

LON:SSPG opened at GBX 152.40 ($1.94) on Wednesday. SSP Group has a 52 week low of GBX 147.90 ($1.88) and a 52 week high of GBX 267 ($3.39). 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 stock has a market capitalization of £1.22 billion, a PE ratio of 15,240.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.80. The stock’s 50-day moving average price is GBX 184.71 and its 200-day moving average price is GBX 210.15.

SSP Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 1.20 ($0.02) per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 30th. SSP Group’s payout ratio is presently 20,000.00%.

Insider Activity

In other news, insider Patrick Coveney purchased 40,000 shares of SSP Group stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of GBX 185 ($2.35) per share, with a total value of £74,000 ($94,027.95). In the last 90 days, insiders have bought 40,133 shares of company stock valued at $7,424,928. 0.63% of the stock is currently owned by company insiders.

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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