SSP Group (LON:SSPG) Insider Buys £25,800 in Stock

SSP Group plc (LON:SSPG) insider Tim Lodge acquired 15,000 shares of SSP Group stock in a transaction on Thursday, December 4th. The stock was acquired at an average price of GBX 172 per share, with a total value of £25,800.

SSP Group Stock Performance

Shares of SSP Group stock traded up GBX 22.68 during trading hours on Thursday, hitting GBX 170.78. 14,263,509 shares of the company’s stock traded hands, compared to its average volume of 3,445,873. The stock has a market capitalization of £1.36 billion, a price-to-earnings ratio of -56.93, a PEG ratio of -0.77 and a beta of 1.88. SSP Group plc has a 12-month low of GBX 134.10 and a 12-month high of GBX 196.30. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66. The company has a fifty day simple moving average of GBX 156.06 and a 200-day simple moving average of GBX 162.64.

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

SSP Group declared that its board has authorized a share buyback plan on Thursday, October 9th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on SSPG. Peel Hunt reaffirmed a “buy” rating and issued a GBX 275 price target on shares of SSP Group in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on SSP Group from GBX 285 to GBX 262 and set a “buy” rating for the company in a report on Thursday, September 25th. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a report on Thursday. Citigroup reiterated a “buy” rating and issued a GBX 310 target price (down previously from GBX 330) on shares of SSP Group in a research note on Monday, October 13th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 190 price target on shares of SSP Group in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, 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.