SSP Group plc (LON:SSPG) Insider Purchases £125.06 in Stock

Key Points

• Jonathan Davies, an insider at SSP Group plc, has made multiple stock purchases recently, acquiring a total of 74 shares at an average cost of GBX 169 ($2.25) per share.
• The company's stock is currently trading around GBX 168.80 ($2.24), with a market capitalization of £1.35 billion and a price-to-earnings ratio of 176.92.
• Analysts have mixed ratings on SSP Group, with one sell rating, two hold ratings, and two buy ratings, while the consensus price target is set at GBX 235 ($3.12).

SSP Group plc (LON:SSPG - Get Free Report) insider Jonathan Davies acquired 74 shares of SSP Group stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of GBX 169 ($2.27) per share, for a total transaction of £125.06 ($168.14).

Jonathan Davies also recently made the following trade(s):

• On Monday, July 7th, Jonathan Davies acquired 66 shares of SSP Group stock. The shares were bought at an average cost of GBX 189 ($2.54) per share, for a total transaction of £124.74 ($167.71).
• On Friday, June 6th, Jonathan Davies purchased 77 shares of SSP Group stock. The shares were bought at an average price of GBX 162 ($2.18) per share, for a total transaction of £124.74 ($167.71).
• On Wednesday, May 14th, Jonathan Davies bought 75 shares of SSP Group stock. The stock was purchased at an average price of GBX 167 ($2.25) per share, for a total transaction of £125.25 ($168.39).

SSP Group Stock Down 1.8%

Shares of SSPG stock traded down GBX 3.05 ($0.04) during midday trading on Friday, reaching GBX 165.65 ($2.23). 1,643,519 shares of the stock were exchanged, compared to its average volume of 2,820,182. The firm has a market cap of £1.32 billion, a PE ratio of 173.62, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The company's 50 day moving average is GBX 171.47 and its two-hundred day moving average is GBX 164.41. SSP Group plc has a 1 year low of GBX 134.10 ($1.80) and a 1 year high of GBX 196.30 ($2.64). The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29.

SSP Group (LON:SSPG - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. On average, equities research analysts predict that SSP Group plc will post 13.1004016 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SSPG. Citigroup increased their price target on shares of SSP Group from GBX 320 ($4.30) to GBX 330 ($4.44) and gave the company a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of SSP Group from GBX 200 ($2.69) to GBX 190 ($2.55) and set a "neutral" rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 285 ($3.83) price target on shares of SSP Group in a report on Wednesday, July 30th. UBS Group cut SSP Group to a "sell" rating and set a GBX 170 ($2.29) price objective for the company. in a report on Friday, July 11th. Finally, Shore Capital reiterated a "house stock" rating on shares of SSP Group in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 231 ($3.11).

About SSP Group

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.