SSP Group (LON:SSPG) Reaches New 1-Year Low at $173.40

Posted by MarketBeat News on May 26th, 2024

Shares of SSP Group plc (LON:SSPG – Get Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 173.40 ($2.20) and last traded at GBX 175.10 ($2.23), with a volume of 3475680 shares. The stock had previously closed at GBX 176.90 ($2.25).

Analyst Ratings Changes

A number of equities research analysts have commented on SSPG shares. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Friday, May 17th. Barclays reiterated an “overweight” rating and issued a GBX 290 ($3.69) price objective on shares of SSP Group in a research note on Wednesday, January 31st.

Check Out Our Latest Research Report on SSP Group

SSP Group Stock Performance

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The firm has a fifty day moving average of GBX 205.26 and a 200-day moving average of GBX 216.12. 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 stock has a market capitalization of £1.42 billion, a price-to-earnings ratio of 17,840.00, a PEG ratio of -0.77 and a beta of 1.80.

SSP Group Cuts Dividend

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

Insider Buying and Selling

In other SSP Group news, insider Patrick Coveney acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average cost of GBX 185 ($2.35) per share, with a total value of £74,000 ($94,051.86). Insiders own 0.62% of the company’s stock.

SSP Group Company Profile

(Get Free Report)

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.