SSP Group (LON:SSPG) Insider Apurvi Sheth Purchases 4,000 Shares

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

SSP Group Price Performance

LON:SSPG traded up GBX 4.98 during trading hours on Friday, hitting GBX 169.88. 11,664,544 shares of the stock traded hands, compared to its average volume of 3,480,551. The company has a market cap of £1.36 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 1 year low of GBX 134.10 and a 1 year high of GBX 196.30. The stock has a 50 day moving average price of GBX 156.14 and a 200 day moving average price of GBX 162.69. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29.

SSP Group (LON:SSPG) last announced its quarterly earnings data 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%. Sell-side analysts forecast that SSP Group plc will post 13.1004016 EPS for the current fiscal year.

SSP Group announced that its board has approved a share buyback plan on Thursday, October 9th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Peel Hunt restated a “buy” rating and issued a GBX 275 price target on shares of SSP Group in a research note on Friday, October 10th. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a report on Thursday. Finally, Citigroup reiterated a “buy” rating and set a GBX 310 price objective (down previously from GBX 330) on shares of SSP Group in a research report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.