Key Points
- Insider Geert Verellen bought 41,006 SSP Group shares on December 11 at GBX 181 each, a transaction valued at approximately £74,220.86.
- The board has authorized a stock buyback program for open‑market repurchases, a move management typically uses when it believes the shares are undervalued.
- SSP has a market cap of £1.44bn, a negative P/E of -60.57 and a very high debt-to-equity ratio of 852.29; the company reported GBX 11 EPS last quarter and analysts hold a consensus "Moderate Buy" with a GBX 229.50 target.
SSP Group plc (LON:SSPG - Get Free Report) insider Geert Verellen acquired 41,006 shares of the business's stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of GBX 181 per share, with a total value of £74,220.86.
SSP Group Stock Down 0.1%
Shares of LON:SSPG opened at GBX 181.70 on Friday. The company has a market cap of £1.44 billion, a price-to-earnings ratio of -60.57, a PEG ratio of -0.77 and a beta of 1.88. The firm's 50-day simple moving average is GBX 157.08 and its 200-day simple moving average is GBX 163. 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 fifty-two week low of GBX 134.10 and a fifty-two week high of GBX 191.80.
SSP Group (LON:SSPG - Get Free Report) last posted its quarterly earnings results 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, equities research analysts predict that SSP Group plc will post 13.1004016 earnings per share for the current year.
SSP Group declared that its board has initiated a stock buyback program on Thursday, October 9th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.
Analyst Ratings Changes
Several research firms have recently commented on SSPG. Citigroup reissued a "buy" rating and issued a GBX 310 price target (down from GBX 330) on shares of SSP Group in a report on Monday, October 13th. Berenberg Bank reiterated a "buy" rating and issued a GBX 190 price objective on shares of SSP Group in a research report on Tuesday, October 14th. Shore Capital reissued a "house stock" rating on shares of SSP Group in a report on Thursday, December 4th. JPMorgan Chase & Co. lowered their price target on shares of SSP Group from GBX 190 to GBX 170 and set a "neutral" rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price target 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. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 229.50.
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.
Further Reading
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