SSP Group (LON:SSPG) Given “House Stock” Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of SSP Group (LON:SSPG) in a research note published on Tuesday, MarketBeat reports.

SSP Group Stock Performance

SSP Group stock opened at GBX 172.35 ($2.31) on Tuesday. The firm has a 50 day simple moving average of GBX 151.31 and a 200-day simple moving average of GBX 164.50. The stock has a market cap of £1.38 billion, a price-to-earnings ratio of 180.64, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. 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 has a 1-year low of GBX 134.10 ($1.80) and a 1-year high of GBX 196.30 ($2.63).

SSP Group (LON:SSPG) last posted its earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) EPS for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. On average, analysts expect that SSP Group will post 13.1004016 EPS for the current year.

SSP Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, January 30th were given a GBX 2.30 ($0.03) dividend. This is an increase from SSP Group’s previous dividend of $1.20. This represents a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. SSP Group’s payout ratio is currently 209.62%.

Insider Transactions at SSP Group

In other news, insider Patrick Coveney sold 217,595 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of GBX 139 ($1.86), for a total value of £302,457.05 ($405,058.32). Corporate insiders own 0.66% of the company’s stock.

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.