Insider Buying: SSP Group plc (LON:SSPG) Insider Acquires 46 Shares of Stock

SSP Group plc (LON:SSPG – Get Rating) insider Jonathan Davies purchased 46 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average cost of GBX 272 ($3.38) per share, for a total transaction of £125.12 ($155.54).

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

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• On Tuesday, May 9th, Jonathan Davies bought 48 shares of SSP Group stock. The stock was purchased at an average cost of GBX 258 ($3.21) per share, for a total transaction of £123.84 ($153.95).
• On Thursday, April 6th, Jonathan Davies bought 50 shares of SSP Group stock. The stock was purchased at an average cost of GBX 253 ($3.15) per share, for a total transaction of £126.50 ($157.26).

SSP Group Stock Down 1.3 %

SSPG stock opened at GBX 267.20 ($3.32) on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.56 and a debt-to-equity ratio of 541.40. SSP Group plc has a twelve month low of GBX 181.45 ($2.26) and a twelve month high of GBX 280 ($3.48). The business has a 50 day moving average price of GBX 257.17 and a two-hundred day moving average price of GBX 249.15. The company has a market cap of £2.13 billion, a price-to-earnings ratio of 26,720.00, a P/E/G ratio of -0.77 and a beta of 1.71.

Analyst Upgrades and Downgrades

SSPG has been the topic of a number of recent research reports. Peel Hunt reissued a “buy” rating and issued a GBX 350 ($4.35) target price on shares of SSP Group in a research report on Tuesday, May 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 240 ($2.98) target price on shares of SSP Group in a research report on Wednesday, May 24th. Numis Securities reissued an “add” rating and issued a GBX 290 ($3.61) target price on shares of SSP Group in a research report on Thursday, February 16th. Barclays reissued an “overweight” rating and issued a GBX 290 ($3.61) target price on shares of SSP Group in a research report on Wednesday, May 24th. Finally, Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Friday, May 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 302.14 ($3.76).

About SSP Group

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SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 36 countries in the United Kingdom, Europe, North America, and internationally. SSP Group plc was incorporated in 2006 and is headquartered in London, the United Kingdom.

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