SSP Group plc (LON:SSPG) Insider Patrick Coveney Acquires 40,000 Shares

SSP Group plc (LON:SSPG) insider Patrick Coveney bought 40,000 shares of SSP Group stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average cost of GBX 185 ($2.35) per share, for a total transaction of £74,000 ($94,051.86).

SSP Group Stock Performance

Shares of SSP Group stock opened at GBX 176.90 ($2.25) on Friday. The company has a quick ratio of 0.66, a current ratio of 0.48 and a debt-to-equity ratio of 535.27. The firm has a market capitalization of £1.41 billion, a P/E ratio of 17,690.00, a P/E/G ratio of -0.77 and a beta of 1.80. The firm’s 50 day moving average is GBX 206.07 and its two-hundred day moving average is GBX 216.02. SSP Group plc has a 52 week low of GBX 175.70 ($2.23) and a 52 week high of GBX 283.20 ($3.60).

SSP Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 0.57%. SSP Group’s dividend payout ratio (DPR) is presently 30,000.00%.

Wall Street Analysts Forecast Growth

SSPG has been the topic of several recent analyst reports. Barclays reiterated an “overweight” rating and issued a GBX 290 ($3.69) price target on shares of SSP Group in a research note on Wednesday, January 31st. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research note on Friday, May 17th.

SSP Group Company Profile

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.