Barclays Reaffirms Overweight Rating for SSP Group (LON:SSPG)

Barclays reiterated their overweight rating on shares of SSP Group (LON:SSPG) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other analysts also recently issued research reports about the stock. Shore Capital reaffirmed a buy rating on shares of SSP Group in a report on Tuesday. Morgan Stanley raised shares of SSP Group to an overweight rating in a report on Wednesday, December 11th. UBS Group reaffirmed a neutral rating on shares of SSP Group in a report on Friday, January 17th. HSBC raised shares of SSP Group to a buy rating in a report on Thursday, December 5th. Finally, Liberum Capital reaffirmed a buy rating on shares of SSP Group in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. SSP Group presently has an average rating of Hold and a consensus price target of GBX 696.25 ($9.16).

Shares of LON:SSPG opened at GBX 658 ($8.66) on Wednesday. The company has a market cap of $2.94 billion and a price-to-earnings ratio of 23.75. The firm’s 50-day simple moving average is GBX 661.86 and its 200-day simple moving average is GBX 667.49. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 173.56. SSP Group has a fifty-two week low of GBX 602 ($7.92) and a fifty-two week high of GBX 751.07 ($9.88).

The business also recently disclosed a dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 5th will be paid a GBX 6 ($0.08) dividend. This is a boost from SSP Group’s previous dividend of $5.80. The ex-dividend date is Thursday, March 5th. This represents a dividend yield of 0.95%. SSP Group’s dividend payout ratio (DPR) is 0.43%.

In related news, insider Simon Smith sold 56,737 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of GBX 657 ($8.64), for a total value of £372,762.09 ($490,347.40). Also, insider Jonathan Davies sold 69,829 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of GBX 641 ($8.43), for a total transaction of £447,603.89 ($588,797.54).

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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Analyst Recommendations for SSP Group (LON:SSPG)

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