Insider Buying: SSP Group plc (LON:SSPG) Insider Acquires £124.02 in Stock

SSP Group plc (LON:SSPG) insider Jonathan Davies purchased 78 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost 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 bought 69 shares of SSP Group stock. The stock was 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 purchased 71 shares of SSP Group stock. The stock was acquired 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 purchased 67 shares of SSP Group stock. The shares were purchased at an average price of GBX 186 ($2.40) per share, with a total value of £124.62 ($161.03).

SSP Group Price Performance

SSPG opened at GBX 160.10 ($2.07) on Friday. The company has a fifty day simple moving average of GBX 174.13 and a 200 day simple moving average of GBX 169.55. The stock has a market cap of £1.28 billion, a P/E ratio of 167.80, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. SSP Group plc has a 12 month low of GBX 142.20 ($1.84) and a 12 month high of GBX 227.60 ($2.94).

SSP Group Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on 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 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.