Insider Selling: SSP Group (LON:SSPG) Insider Sells 91,027 Shares of Company Stock

Key Points

• SSP Group insider Patrick Coveney sold 91,027 shares at an average price of GBX 194, generating approximately £176,592 in proceeds.
• SSPG shares fell 1.5% to GBX 187.10, while the company reported a £1.41 billion market capitalization and significant leverage reflected in its debt-to-equity ratio.
• Analyst sentiment remains generally positive, with an overall “Moderate Buy” rating from six analysts, although published price targets vary substantially.

SSP Group plc (LON:SSPG - Get Free Report) insider Patrick Coveney sold 91,027 shares of the business's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total transaction of £176,592.38.

SSP Group Trading Down 1.5%

Shares of SSPG stock traded down GBX 2.90 on Monday, reaching GBX 187.10. 1,936,032 shares of the stock were exchanged, compared to its average volume of 10,179,084. The company has a quick ratio of 0.66, a current ratio of 0.37 and a debt-to-equity ratio of 36,503.12. The stock has a market cap of £1.41 billion, a P/E ratio of -51.97, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. The firm has a 50 day moving average of GBX 197.07 and a two-hundred day moving average of GBX 184.50. SSP Group plc has a 1-year low of GBX 137.30 and a 1-year high of GBX 219.40.

Analysts Set New Price Targets

A number of research firms have recently commented on SSPG. Citigroup cut their price objective on SSP Group from GBX 3,600 to GBX 3,200 and set a "buy" rating on the stock in a report on Monday, June 8th. Shore Capital Group reiterated a "house stock" rating on shares of SSP Group in a report on Tuesday, July 28th. Berenberg Bank increased their target price on shares of SSP Group from GBX 230 to GBX 240 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 262 price target on shares of SSP Group in a report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 721.17.

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. These include our own brands (such as UrbanCrave, which brought the first "street eats" concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).

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