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

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

SSP Group Stock Performance

Shares of LON:SSPG traded up GBX 4.98 during midday trading on Friday, reaching GBX 169.88. 11,664,544 shares of the company’s stock traded hands, compared to its average volume of 3,480,551. The company has a market cap of £1.36 billion, a price-to-earnings ratio of -56.63, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. SSP Group plc has a one year low of GBX 134.10 and a one year high of GBX 196.30. The stock has a 50 day moving average of GBX 156.14 and a 200 day moving average of GBX 162.69.

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

SSP Group announced that its Board of Directors has approved a share repurchase program on Thursday, October 9th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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