Key Points
- Insider Tim Lodge purchased 15,000 shares on December 4 at an average price of GBX 172 per share, a transaction valued at £25,800.
- The board has initiated a share buyback program, and analysts carry a consensus rating of Moderate Buy with an average price target of GBX 232.83.
- SSP's fundamentals show a market cap of £1.36 billion, a negative P/E (-56.93) and weak profitability (quarterly EPS GBX 11, net margin 0.24%), with a 52‑week range of GBX 134.10–196.30.
SSP Group plc (LON:SSPG - Get Free Report) insider Tim Lodge bought 15,000 shares of the firm's stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average price of GBX 172 per share, with a total value of £25,800.
SSP Group Stock Performance
Shares of SSPG stock opened at GBX 170.78 on Friday. The firm has a market capitalization of £1.36 billion, a price-to-earnings ratio of -56.93, a PEG ratio of -0.77 and a beta of 1.88. The stock has a fifty day moving average of GBX 156.14 and a 200 day moving average of GBX 162.69. SSP Group plc has a 52 week low of GBX 134.10 and a 52 week high of GBX 196.30. 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 (LON:SSPG - Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported GBX 11 earnings per share (EPS) for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. As a group, research analysts expect that SSP Group plc will post 13.1004016 earnings per share for the current year.
SSP Group declared that its board has initiated a share buyback program on Thursday, October 9th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.
Analysts Set New Price Targets
Several analysts have commented on SSPG shares. Peel Hunt restated a "buy" rating and issued a GBX 275 price objective on shares of SSP Group in a report on Friday, October 10th. JPMorgan Chase & Co. lowered their target price on SSP Group from GBX 190 to GBX 170 and set a "neutral" rating for the company in a research note on Friday. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 190 price target on shares of SSP Group in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on SSP Group from GBX 285 to GBX 262 and set a "buy" rating for the company in a report on Thursday, September 25th. Finally, Citigroup reaffirmed a "buy" rating and issued a GBX 310 target price (down from GBX 330) on shares of SSP Group in a research report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SSP Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 232.83.
Check Out Our Latest Stock Analysis on SSP Group
SSP Group Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
