SSP Group (LON:SSPG) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of SSP Group (LON:SSPGFree Report) in a research note released on Monday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 305 ($3.88) price target on the stock.

SSPG has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on SSP Group from GBX 320 ($4.07) to GBX 300 ($3.82) and set an overweight rating for the company in a research report on Tuesday, May 28th. Shore Capital restated a house stock rating on shares of SSP Group in a research note on Friday, May 17th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of GBX 296.25 ($3.77).

View Our Latest Research Report on SSP Group

SSP Group Stock Up 3.9 %

LON SSPG opened at GBX 169 ($2.15) on Monday. SSP Group has a twelve month low of GBX 156.40 ($1.99) and a twelve month high of GBX 283.20 ($3.61). The stock has a market cap of £1.35 billion, a PE ratio of 16,900.00, a PEG ratio of -0.77 and a beta of 1.80. The firm has a 50-day simple moving average of GBX 192.24 and a 200 day simple moving average of GBX 212.63. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35.

SSP Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 0.57%. SSP Group’s payout ratio is 20,000.00%.

Insider Activity

In other SSP Group news, insider Patrick Coveney bought 40,000 shares of SSP Group stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average price of GBX 185 ($2.36) per share, with a total value of £74,000 ($94,231.50). In the last ninety days, insiders bought 40,133 shares of company stock valued at $7,424,928. Company insiders own 0.63% of the company’s stock.

SSP Group Company Profile

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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.

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