Jonathan Davies Acquires 78 Shares of SSP Group plc (LON:SSPG) Stock

SSP Group plc (LON:SSPG) insider Jonathan Davies bought 78 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of GBX 159 ($2.05) per share, for a total transaction of £124.02 ($160.25).

Jonathan Davies also recently made the following trade(s):

• On Thursday, February 6th, Jonathan Davies acquired 69 shares of SSP Group stock. The shares were bought at an average price of GBX 182 ($2.35) per share, for a total transaction of £125.58 ($162.27).
• On Monday, January 6th, Jonathan Davies acquired 71 shares of SSP Group stock. The shares were bought at an average price of GBX 176 ($2.27) per share, for a total transaction of £124.96 ($161.47).
• On Friday, December 6th, Jonathan Davies acquired 67 shares of SSP Group stock. The shares were bought at an average price of GBX 186 ($2.40) per share, for a total transaction of £124.62 ($161.03).

SSP Group Trading Up 0.4 %

LON:SSPG opened at GBX 160.10 ($2.07) on Friday. 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 firm has a 50-day moving average of GBX 174.13 and a 200-day moving average of GBX 169.55. The company has a market cap of £1.28 billion, a PE ratio of 167.80, a PEG ratio of -0.77 and a beta of 1.88. SSP Group plc has a one year low of GBX 142.20 ($1.84) and a one year high of GBX 227.60 ($2.94).

SSP Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SSPG. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of SSP Group from GBX 200 ($2.58) to GBX 210 ($2.71) and gave the company a “neutral” rating in a report on Thursday, December 12th.

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.