Karina Deacon Acquires 18,000 Shares of SSP Group (LON:SSPG) Stock

SSP Group plc (LON:SSPG) insider Karina Deacon acquired 18,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was bought at an average cost of GBX 171 per share, with a total value of £30,780.

SSP Group Price Performance

Shares of SSPG opened at GBX 169.88 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The company’s fifty day simple moving average is GBX 156.20 and its 200 day simple moving average is GBX 162.71. SSP Group plc has a 1-year low of GBX 134.10 and a 1-year high of GBX 196.30. The company has a market cap of £1.36 billion, a price-to-earnings ratio of -56.63, a PEG ratio of -0.77 and a beta of 1.88.

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

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SSPG. 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 research report on Friday. Citigroup reiterated a “buy” rating and set a GBX 310 target price (down from GBX 330) on shares of SSP Group in a research note on Monday, October 13th. Peel Hunt reissued a “buy” rating and set a GBX 275 target price on shares of SSP Group in a report on Friday, October 10th. Berenberg Bank restated a “buy” rating and issued a GBX 190 price target on shares of SSP Group in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on SSP Group from GBX 285 to GBX 262 and set a “buy” rating for the company in a report on Thursday, September 25th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.