SSP Group (LON:SSPG) Insider Buys £6,600 in Stock

SSP Group plc (LON:SSPG) insider Apurvi Sheth acquired 4,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were bought at an average cost of GBX 165 per share, with a total value of £6,600.

SSP Group Stock Up 3.0%

Shares of SSP Group stock opened at GBX 169.88 on Monday. SSP Group plc has a twelve month low of GBX 134.10 and a twelve month high of GBX 196.30. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. The company’s 50 day moving average is GBX 156.20 and its 200 day moving average is GBX 162.54. The company has a market cap of £1.35 billion, a price-to-earnings ratio of -56.63, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88.

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

SSP Group declared that its board has initiated a share buyback program on Thursday, October 9th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on SSPG. JPMorgan Chase & Co. reduced their price objective on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on SSP Group from GBX 285 to GBX 262 and set a “buy” rating for the company in a research note on Thursday, September 25th. Citigroup reiterated a “buy” rating and issued a GBX 310 price objective (down previously from GBX 330) on shares of SSP Group in a research note on Monday, October 13th. Peel Hunt reissued a “buy” rating and issued a GBX 275 price objective on shares of SSP Group in a report on Friday, October 10th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 190 target price on shares of SSP Group in a research report on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SSP Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 232.83.

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.