SSP Group PLC (SSPG) Given Average Rating of “Hold” by Brokerages

Shares of SSP Group PLC (LON:SSPG) have been given an average recommendation of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 578.75 ($8.11).

SSPG has been the topic of a number of analyst reports. Shore Capital reaffirmed a “buy” rating on shares of SSP Group in a research report on Wednesday, November 22nd. Barclays reaffirmed an “overweight” rating and set a GBX 650 ($9.11) target price on shares of SSP Group in a research report on Thursday, November 23rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 675 ($9.46) target price on shares of SSP Group in a research report on Tuesday, January 23rd. Numis Securities reaffirmed an “add” rating and set a GBX 670 ($9.39) target price on shares of SSP Group in a research report on Wednesday, November 29th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 520 ($7.29) price objective on shares of SSP Group in a report on Monday, December 4th.

Shares of SSP Group (LON SSPG) traded up GBX 1.50 ($0.02) during midday trading on Friday, hitting GBX 603 ($8.45). The stock had a trading volume of 960,992 shares, compared to its average volume of 1,110,000. SSP Group has a twelve month low of GBX 400 ($5.61) and a twelve month high of GBX 693 ($9.72). The stock has a market capitalization of $2,890.00 and a price-to-earnings ratio of 3,173.68.

The firm also recently disclosed a dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 16th will be given a dividend of GBX 20.90 ($0.29) per share. The ex-dividend date of this dividend is Monday, April 16th. This is an increase from SSP Group’s previous dividend of $4.90. This represents a dividend yield of 3.41%.

In other SSP Group news, insider Per Utnegaard acquired 7,100 shares of SSP Group stock in a transaction dated Wednesday, December 20th. The stock was acquired at an average cost of GBX 676 ($9.48) per share, for a total transaction of £47,996 ($67,296.69).

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SSP Group Company Profile

SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).

Analyst Recommendations for SSP Group (LON:SSPG)

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