SSP Group (LON:SSPG) Given House Stock Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of SSP Group (LON:SSPG) in a research report report published on Thursday morning, Marketbeat Ratings reports.

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

SSP Group Stock Performance

LON:SSPG opened at GBX 173.40 ($2.14) on Thursday. SSP Group has a fifty-two week low of GBX 142.20 ($1.76) and a fifty-two week high of GBX 235 ($2.90). The stock has a fifty day moving average price of GBX 173.09 and a 200-day moving average price of GBX 169.06. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. The company has a market cap of £1.38 billion, a price-to-earnings ratio of 17,340.00, a PEG ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) earnings per share for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 17.67%. As a group, equities analysts anticipate that SSP Group will post 13.1004016 EPS for the current fiscal year.

SSP Group Increases Dividend

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

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.