Insider Selling: SSP Group (LON:SSPG) Insider Sells 136,379 Shares of Stock

SSP Group plc (LON:SSPG) insider Patrick Coveney sold 136,379 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of GBX 174, for a total value of £237,299.46.

Patrick Coveney also recently made the following trade(s):

• On Thursday, December 4th, Patrick Coveney bought 149,669 shares of SSP Group stock. The stock was bought at an average price of GBX 168 per share, for a total transaction of £251,443.92.
• On Wednesday, October 1st, Patrick Coveney sold 69,007 shares of SSP Group stock. The stock was sold at an average price of GBX 173, for a total transaction of £119,382.11.

SSP Group Price Performance

SSP Group stock traded up GBX 1.20 during midday trading on Wednesday, reaching GBX 179.40. The company had a trading volume of 7,136,099 shares, compared to its average volume of 3,526,648. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66. SSP Group plc has a 12-month low of GBX 134.10 and a 12-month high of GBX 196.30. The company has a market capitalization of £1.42 billion, a P/E ratio of -59.80, a P/E/G ratio of -0.77 and a beta of 1.88. The firm’s fifty day simple moving average is GBX 156.51 and its 200-day simple moving average is GBX 162.65.

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

SSP Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup reiterated a “buy” rating and set a GBX 310 price target (down previously from GBX 330) on shares of SSP Group in a report on Monday, October 13th. Peel Hunt reiterated a “buy” rating and issued a GBX 275 price objective on shares of SSP Group in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft decreased their target price 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. JPMorgan Chase & Co. dropped their price target on shares of SSP Group from GBX 190 to GBX 170 and set a “neutral” rating on the stock in a research note on Friday. Finally, Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SSP Group currently has an average 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.