SSP Group plc (LON:SSPG – Get Free Report) insider Patrick Coveney sold 91,027 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of GBX 194, for a total value of £176,592.38.
SSP Group Price Performance
SSPG opened at GBX 191 on Thursday. The firm has a market cap of £1.43 billion, a PE ratio of -53.06, a P/E/G ratio of -0.77 and a beta of 0.91. The stock has a 50-day moving average price of GBX 196.37 and a 200-day moving average price of GBX 184.84. SSP Group plc has a 1 year low of GBX 137.30 and a 1 year high of GBX 219.40. The company has a debt-to-equity ratio of 36,503.12, a current ratio of 0.37 and a quick ratio of 0.66.
Analyst Ratings Changes
Several research analysts have recently issued reports on SSPG shares. Berenberg Bank upped their target price on shares of 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 price target on shares of SSP Group in a research report on Monday, August 17th. Finally, Shore Capital Group restated a “house stock” rating on shares of SSP Group in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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).
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