Insider Buying: SSP Group (LON:SSPG) Insider Purchases £74,220.86 in Stock

SSP Group plc (LON:SSPG) insider Geert Verellen bought 41,006 shares of the stock in a transaction on Thursday, December 11th. The stock was bought at an average price of GBX 181 per share, for a total transaction of £74,220.86.

SSP Group Price Performance

SSP Group stock opened at GBX 181.70 on Monday. The stock has a market capitalization of £1.44 billion, a PE ratio of -60.57, 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. The business has a 50 day simple moving average of GBX 157.08 and a 200-day simple moving average of GBX 162.90. SSP Group plc has a 12 month low of GBX 134.10 and a 12 month high of GBX 191.80.

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

SSP Group declared that its Board of Directors has approved a share buyback program on Thursday, October 9th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a research note on Friday. Berenberg Bank restated a “buy” rating and issued a GBX 190 price target on shares of SSP Group in a report on Tuesday, October 14th. 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 note on Monday, October 13th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Thursday, December 4th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 275 target price 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 229.50.

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.