SSP Group’s (SSPG) House Stock Rating Reiterated at Shore Capital

Shore Capital reiterated their house stock rating on shares of SSP Group (LON:SSPG) in a research note issued to investors on Wednesday morning, Marketbeat.com reports.

Separately, JPMorgan Chase & Co. lifted their price objective on shares of SSP Group from GBX 200 ($2.62) to GBX 210 ($2.75) and gave the company a “neutral” rating in a research report on Thursday, December 12th.

SSP Group Stock Performance

LON SSPG opened at GBX 138.70 ($1.82) on Wednesday. The business’s 50-day moving average price is GBX 160.71 and its 200 day moving average price is GBX 166.49. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. The firm has a market cap of £1.11 billion, a P/E ratio of 145.37, a P/E/G ratio of -0.77 and a beta of 1.88. SSP Group has a 52-week low of GBX 134.10 ($1.76) and a 52-week high of GBX 216.60 ($2.84).

SSP Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 30th were paid a dividend of GBX 2.30 ($0.03) per share. This represents a dividend yield of 1.42%. This is an increase from SSP Group’s previous dividend of $1.20. The ex-dividend date of this dividend was Thursday, January 30th. SSP Group’s dividend payout ratio is 209.62%.

SSP Group Company Profile

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.