Key Points
- Insider Apurvi Sheth purchased 4,000 SSP Group shares at GBX 165 each on December 5th, a transaction worth £6,600.
- Shares rose about 3%, opening at GBX 169.88; the company has a market cap of £1.36 billion but shows a negative P/E (-56.63) and an extremely high debt-to-equity ratio (852.29), signalling significant leverage.
- Analysts hold a consensus "Moderate Buy" with an average price target of GBX 232.83, and the board has also announced a share repurchase plan.
SSP Group plc (LON:SSPG - Get Free Report) insider Apurvi Sheth bought 4,000 shares of the firm's stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of GBX 165 per share, with a total value of £6,600.
SSP Group Stock Up 3.0%
Shares of LON:SSPG opened at GBX 169.88 on Friday. The business's 50 day simple moving average is GBX 156.20 and its two-hundred day simple moving average is GBX 162.71. The firm has a market cap of £1.36 billion, a P/E ratio of -56.63, a PEG ratio of -0.77 and a beta of 1.88. 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.
SSP Group (LON:SSPG - Get Free Report) last released its quarterly earnings data on Thursday, December 4th. The company reported GBX 11 EPS for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. As a group, research analysts forecast that SSP Group plc will post 13.1004016 EPS for the current fiscal year.
SSP Group announced that its board has initiated a stock repurchase plan on Thursday, October 9th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of SSP Group from GBX 190 to GBX 170 and set a "neutral" rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SSP Group from GBX 285 to GBX 262 and set a "buy" rating for the company in a report on Thursday, September 25th. Citigroup restated a "buy" rating and issued a GBX 310 target price (down previously from GBX 330) on shares of SSP Group in a report on Monday, October 13th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 275 price target on shares of SSP Group in a research report on Friday, October 10th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 190 price target on shares of SSP Group in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 232.83.
Read Our Latest Stock Report on SSPG
About SSP Group
(
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.
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