SSP Group plc (LON:SSPG - Get Free Report) insider Patrick Coveney sold 217,595 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of GBX 139 ($1.84), for a total transaction of £302,457.05 ($400,287.26).
SSP Group Stock Down 1.0 %
SSPG opened at GBX 142.50 ($1.89) on Wednesday. The firm's 50 day simple moving average is GBX 159.26 and its two-hundred day simple moving average is GBX 166.28. The company has a market capitalization of £1.14 billion, a PE ratio of 149.35, a PEG ratio of -0.77 and a beta of 1.88. SSP Group plc has a 1-year low of GBX 134.10 ($1.77) and a 1-year high of GBX 213.40 ($2.82). The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29.
SSP Group Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, January 30th were given a dividend of GBX 2.30 ($0.03) per share. The ex-dividend date of this dividend was Thursday, January 30th. This is an increase from SSP Group's previous dividend of $1.20. This represents a yield of 1.42%. SSP Group's payout ratio is 209.62%.
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "house stock" rating on shares of SSP Group in a report on Wednesday, April 9th.
Get Our Latest Stock Report on SSP Group
About SSP Group
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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.
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