SSP Group (LON:SSPG) Receives House Stock Rating from Shore Capital

Shore Capital restated their house stock rating on shares of SSP Group (LON:SSPG) in a research report sent to investors on Thursday, Marketbeat Ratings reports.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of SSP Group from GBX 200 ($2.47) to GBX 210 ($2.59) and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Berenberg Bank reissued a “hold” rating and set a GBX 180 ($2.22) price objective on shares of SSP Group in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, SSP Group has an average rating of “Moderate Buy” and a consensus target price of GBX 246.25 ($3.04).

SSP Group Price Performance

Shares of LON SSPG opened at GBX 173.40 ($2.14) on Thursday. The firm has a fifty day simple moving average of GBX 173.09 and a 200 day simple moving average of GBX 169.06. SSP Group has a twelve month low of GBX 142.20 ($1.76) and a twelve month high of GBX 235 ($2.90). The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27. The company has a market capitalization of £1.38 billion, a PE ratio of 17,340.00, a P/E/G ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last issued its 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 17.67% and a net margin of 0.24%. On average, sell-side analysts forecast that SSP Group will post 13.1004016 EPS for the current year.

SSP Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 30th will be issued a dividend of GBX 2.30 ($0.03) per share. This is a boost from SSP Group’s previous dividend of $1.20. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 30th. SSP Group’s dividend payout ratio (DPR) is currently 20,000.00%.

About SSP Group

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.