SSP Group (LON:SSPG) Reaches New 1-Year Low – Should You Sell?

Shares of SSP Group plc (LON:SSPG) hit a new 52-week low on Friday . The company traded as low as GBX 141.60 ($1.83) and last traded at GBX 141.60 ($1.83), with a volume of 292786 shares trading hands. The stock had previously closed at GBX 153.70 ($1.98).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SSPG shares. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of SSP Group from GBX 200 ($2.58) to GBX 210 ($2.71) and gave the stock a “neutral” rating in a research report on Thursday, December 12th.

SSP Group Trading Down 6.9 %

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 50 day moving average of GBX 166.25 and a 200 day moving average of GBX 167.74. The stock has a market capitalization of £1.14 billion, a price-to-earnings ratio of 149.98, a P/E/G ratio of -0.77 and a beta of 1.88.

SSP Group Increases Dividend

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