Insider Buying: SSP Group PLC (SSPG) Insider Acquires 27 Shares of Stock
SSP Group PLC (LON:SSPG) insider Jonathan Davies purchased 27 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were purchased at an average price of GBX 477 ($6.16) per share, for a total transaction of £128.79 ($166.42).
Jonathan Davies also recently made the following trade(s):
- On Thursday, April 6th, Jonathan Davies purchased 29 shares of SSP Group PLC stock. The shares were purchased at an average price of GBX 426 ($5.50) per share, for a total transaction of £123.54 ($159.63).
SSP Group PLC (SSPG) opened at 474.70 on Friday. SSP Group PLC has a 12-month low of GBX 260.50 and a 12-month high of GBX 498.00. The firm’s 50-day moving average price is GBX 463.70 and its 200 day moving average price is GBX 414.39. The stock’s market capitalization is GBX 2.26 billion.
The company also recently declared a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 1st will be paid a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 0.68%. This is a boost from SSP Group PLC’s previous dividend of $2.90. The ex-dividend date is Thursday, June 1st.
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Several research firms recently weighed in on SSPG. Canaccord Genuity lifted their price target on SSP Group PLC from GBX 375 ($4.85) to GBX 410 ($5.30) and gave the company a “sell” rating in a research report on Wednesday, May 24th. Numis Securities Ltd restated an “add” rating and set a GBX 510 ($6.59) price target on shares of SSP Group PLC in a research report on Tuesday, May 23rd. Kepler Capital Markets lifted their price target on SSP Group PLC from GBX 440 ($5.69) to GBX 455 ($5.88) and gave the company a “hold” rating in a research report on Friday, May 19th. Morgan Stanley lifted their price target on SSP Group PLC from GBX 360 ($4.65) to GBX 450 ($5.81) and gave the company an “equal weight” rating in a research report on Friday, May 19th. Finally, JPMorgan Chase & Co. lifted their price target on SSP Group PLC from GBX 395 ($5.10) to GBX 400 ($5.17) and gave the company a “neutral” rating in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 431.27 ($5.57).
About SSP Group PLC
SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).
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