SSP Group (LON:SSPG) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

SSP Group plc (LON:SSPG)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 169.82 ($2.16) and traded as low as GBX 167 ($2.12). SSP Group shares last traded at GBX 168.10 ($2.14), with a volume of 3,569,977 shares changing hands.

Analysts Set New Price Targets

A number of analysts have weighed in on SSPG shares. JPMorgan Chase & Co. increased their price target on shares of SSP Group from GBX 200 ($2.54) to GBX 210 ($2.67) and gave the company a “neutral” rating in a report on Thursday, December 12th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Thursday, January 23rd.

SSP Group Trading Up 0.6 %

The business’s 50 day moving average price is GBX 175.51 and its 200-day moving average price is GBX 169.82. 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 company has a market cap of £1.34 billion, a price-to-earnings ratio of 176.18, a PEG ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last announced its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) EPS for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. On average, research analysts forecast that SSP Group plc will post 13.1004016 EPS for the current year.

SSP Group Increases Dividend

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

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.