Apurvi Sheth Buys 4,500 Shares of SSP Group plc (LON:SSPG) Stock

SSP Group plc (LON:SSPG) insider Apurvi Sheth bought 4,500 shares of the stock in a transaction dated Monday, October 21st. The shares were acquired at an average price of GBX 167 ($2.17) per share, with a total value of £7,515 ($9,757.21).

SSP Group Stock Performance

Shares of LON:SSPG traded up GBX 1 ($0.01) during trading hours on Tuesday, hitting GBX 167.40 ($2.17). The stock had a trading volume of 805,468 shares, compared to its average volume of 2,415,487. The stock’s fifty day simple moving average is GBX 165.18 and its 200 day simple moving average is GBX 174.45. The firm has a market capitalization of £1.34 billion, a price-to-earnings ratio of 16,450.80, a PEG ratio of -0.77 and a beta of 1.88. 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 plc has a 1-year low of GBX 142.20 ($1.85) and a 1-year high of GBX 243.20 ($3.16).

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SSPG. Berenberg Bank restated a “hold” rating and set a GBX 180 ($2.34) price objective on shares of SSP Group in a research note on Wednesday, October 16th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 305 ($3.96) price objective on shares of SSP Group in a research note on Thursday, July 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, SSP Group presently has an average rating of “Moderate Buy” and an average target price of GBX 268.75 ($3.49).

About SSP Group

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.