Apurvi Sheth Buys 4,000 Shares of SSP Group (LON:SSPG) Stock

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

SSP Group Stock Performance

Shares of SSPG stock opened at GBX 169.88 on Friday. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The firm has a market capitalization of £1.35 billion, a price-to-earnings ratio of -56.63, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. SSP Group plc has a one year low of GBX 134.10 and a one year high of GBX 196.30. The company has a 50 day moving average price of GBX 156.20 and a 200 day moving average price of GBX 162.61.

SSP Group (LON:SSPG) last announced 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%. Sell-side analysts anticipate that SSP Group plc will post 13.1004016 EPS for the current year.

SSP Group declared that its Board of Directors has authorized a share buyback plan on Thursday, October 9th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup restated a “buy” rating and set a GBX 310 price target (down from GBX 330) on shares of SSP Group in a research note on Monday, October 13th. Berenberg Bank reiterated a “buy” rating and set a GBX 190 target price on shares of SSP Group in a report on Tuesday, October 14th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 275 price objective on shares of SSP Group in a research note on Friday, October 10th. Four 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.