Patrick Coveney Sells 69,007 Shares of SSP Group (LON:SSPG) Stock

SSP Group plc (LON:SSPG) insider Patrick Coveney sold 69,007 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of GBX 173, for a total value of £119,382.11.

SSP Group Stock Performance

LON:SSPG opened at GBX 170.50 on Monday. 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 plc has a 52-week low of GBX 134.10 and a 52-week high of GBX 196.30. The firm has a market cap of £1.37 billion, a price-to-earnings ratio of -5,683.33, a PEG ratio of -0.77 and a beta of 1.88. The business’s fifty day moving average is GBX 161.39 and its 200 day moving average is GBX 161.37.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SSPG shares. JPMorgan Chase & Co. decreased their target price on SSP Group from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Citigroup upped their target price on SSP Group from GBX 320 to GBX 330 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. UBS Group lowered SSP Group to a “sell” rating and set a GBX 170 target price on the stock. in a research note on Friday, July 11th. Berenberg Bank upgraded SSP Group to a “buy” rating and increased their price objective for the company from GBX 180 to GBX 190 in a research report on Thursday, September 11th. Finally, Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 228.40.

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.