SSP Group (LON:SSPG) Sets New 1-Year Low at $155.60

Shares of SSP Group plc (LON:SSPG) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 155.60 ($1.98) and last traded at GBX 155.90 ($1.98), with a volume of 3229252 shares trading hands. The stock had previously closed at GBX 160 ($2.03).

Wall Street Analyst Weigh In

SSPG has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on SSP Group from GBX 320 ($4.07) to GBX 300 ($3.81) and set an “overweight” rating on the stock in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 305 ($3.88) price objective on shares of SSP Group in a report on Monday, June 10th. Finally, Shore Capital reiterated a “house stock” rating on shares of SSP Group in a report on Wednesday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 296.25 ($3.76).

SSP Group Price Performance

The stock has a market capitalization of £1.21 billion, a price-to-earnings ratio of 15,340.10, a PEG ratio of -0.77 and a beta of 1.80. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. The company has a 50 day moving average of GBX 187.05 and a 200 day moving average of GBX 211.11.

SSP Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, May 30th. This represents a yield of 0.57%. SSP Group’s payout ratio is 20,000.00%.

Insider Buying and Selling

In other SSP Group news, insider Patrick Coveney acquired 40,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of GBX 185 ($2.35) per share, with a total value of £74,000 ($94,027.95). Insiders purchased 40,133 shares of company stock valued at $7,424,928 in the last three months. 0.63% of the stock is owned by corporate insiders.

SSP Group Company Profile

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.