Insider Buying: SSP Group plc (LON:SSPG) Insider Purchases 66 Shares of Stock

SSP Group plc (LON:SSPG - Get Free Report) insider Jonathan Davies purchased 66 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was purchased at an average cost of GBX 189 ($2.57) per share, with a total value of £124.74 ($169.46).

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

• On Friday, June 6th, Jonathan Davies bought 77 shares of SSP Group stock. The stock was bought at an average cost of GBX 162 ($2.20) per share, with a total value of £124.74 ($169.46).
• On Wednesday, May 14th, Jonathan Davies bought 75 shares of SSP Group stock. The stock was bought at an average cost of GBX 167 ($2.27) per share, with a total value of £125.25 ($170.15).

SSP Group Stock Down 7.9%

Shares of SSP Group stock traded down GBX 14.90 ($0.20) during trading hours on Friday, reaching GBX 173.10 ($2.35). 3,027,677 shares of the company's stock were exchanged, compared to its average volume of 2,835,859. The company has a 50 day moving average of GBX 168.75 and a two-hundred day moving average of GBX 165.04. SSP Group plc has a fifty-two week low of GBX 134.10 ($1.82) and a fifty-two week high of GBX 196.30 ($2.67). 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 stock has a market cap of £1.38 billion, a P/E ratio of 181.42, a P/E/G ratio of -0.77 and a beta of 1.88.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group lowered shares of SSP Group to a "sell" rating and set a GBX 170 ($2.31) target price for the company. in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 285 ($3.87) target price on shares of SSP Group in a research note on Thursday, July 3rd. Finally, Shore Capital reaffirmed a "house stock" rating on shares of SSP Group in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of GBX 211.25 ($2.87).

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.