SSP Group (LON:SSPG) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of SSP Group plc (LON:SSPG) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 177.99 ($2.24) and traded as high as GBX 182.10 ($2.29). SSP Group shares last traded at GBX 178.30 ($2.24), with a volume of 1,032,678 shares changing hands.

Analyst Ratings Changes

SSPG has been the topic of a number of recent research reports. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on SSP Group from GBX 200 ($2.52) to GBX 210 ($2.64) and gave the stock a “neutral” rating in a research report on Thursday, December 12th.

SSP Group Price Performance

The firm has a market cap of £1.43 billion, a PE ratio of 187.50, a PEG ratio of -0.77 and a beta of 1.88. The firm has a fifty day simple moving average of GBX 177.95 and a two-hundred day simple moving average of GBX 169.36. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44.

SSP Group (LON:SSPG) last released its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) 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 EPS for the current fiscal year.

SSP Group Increases Dividend

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