Patrick Coveney Sells 69,007 Shares of SSP Group (LON:SSPG) Stock

Key Points

• Patrick Coveney, an insider at SSP Group, sold 69,007 shares of the company's stock for a total of £119,382.11 on October 1st, at an average price of GBX 173.
• SSP Group's current stock price is GBX 170.50, with a market capitalization of £1.37 billion and a P/E ratio of -5,683.33, indicating considerable financial instability.
• Analysts have mixed ratings for SSP Group, with a consensus average rating of "Hold" and a price target of GBX 228.40, reflecting varied market perspectives on its future performance.

SSP Group plc (LON:SSPG - Get Free Report) insider Patrick Coveney sold 69,007 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of GBX 173, for a total transaction of £119,382.11.

SSP Group Trading Down 0.9%

Shares of SSPG opened at GBX 170.50 on Friday. SSP Group plc has a twelve month low of GBX 134.10 and a twelve month high of GBX 196.30. The company has a market cap of £1.37 billion, a P/E ratio of -5,683.33, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The company's fifty day simple moving average is GBX 161.62 and its 200-day simple moving average is GBX 161.21.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group cut shares of SSP Group to a "sell" rating and set a GBX 170 target price on the stock. in a report on Friday, July 11th. Berenberg Bank raised shares of SSP Group to a "buy" rating and increased their price objective for the company from GBX 180 to GBX 190 in a research report on Thursday, September 11th. Citigroup lifted their price objective on shares of SSP Group from GBX 320 to GBX 330 and gave the company a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of SSP Group from GBX 200 to GBX 190 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 228.40.

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.

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