Insider Buying: SSP Group PLC (LON:SSPG) Insider Acquires £127.68 in Stock

SSP Group PLC (LON:SSPG) insider Jonathan Davies acquired 19 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was acquired at an average price of GBX 672 ($8.78) per share, with a total value of £127.68 ($166.84).

Shares of SSPG opened at GBX 682 ($8.91) on Friday. The company has a debt-to-equity ratio of 130.95, a current ratio of 0.65 and a quick ratio of 0.59. SSP Group PLC has a one year low of GBX 641 ($8.38) and a one year high of GBX 784.25 ($10.25). The stock has a market capitalization of $3.03 billion and a PE ratio of 26.23. The stock’s 50 day moving average price is GBX 672.71.

The company also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were given a dividend of GBX 5.80 ($0.08) per share. This represents a dividend yield of 0.83%. The ex-dividend date was Thursday, June 6th. SSP Group’s payout ratio is 0.42%.

A number of analysts have recently commented on SSPG shares. Liberum Capital restated a “hold” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 16th. Goldman Sachs Group upgraded Exelon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $52.00 in a research report on Thursday, June 6th. Barclays restated a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Jefferies Financial Group restated a “hold” rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Finally, UBS Group restated a “hold” rating on shares of Daimler in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 696.88 ($9.11).

About SSP Group

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

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