SSP Group (LON:SSPG) Stock Passes Above 50-Day Moving Average – Should You Sell?

SSP Group plc (LON:SSPG)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 177.99 ($2.24) and traded as high as GBX 182.10 ($2.29). SSP Group shares last traded at GBX 178.30 ($2.24), with a volume of 1,032,678 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on SSP Group from GBX 200 ($2.51) to GBX 210 ($2.64) and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research report on Thursday, January 23rd.

SSP Group Trading Up 0.2 %

The firm has a market cap of £1.42 billion, a PE ratio of 186.87, a PEG ratio of -0.77 and a beta of 1.88. The business has a 50-day moving average price of GBX 177.99 and a two-hundred day moving average price of GBX 169.30. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66.

SSP Group (LON:SSPG) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) earnings per share for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. Analysts forecast that SSP Group plc will post 13.1004016 EPS for the current year.

SSP Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 30th will be paid a dividend of GBX 2.30 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 1.42%. This is a positive change from SSP Group’s previous dividend of $1.20. SSP Group’s dividend payout ratio (DPR) is presently 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.