SSP Group plc (LON:SSPG) Increases Dividend to GBX 2.30 Per Share

SSP Group plc (LON:SSPG) declared a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 30th will be given a dividend of GBX 2.30 ($0.03) per share on Thursday, February 27th. This represents a yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 30th. This is a positive change from SSP Group’s previous dividend of $1.20. The official announcement can be accessed at this link.

SSP Group Stock Up 1.4 %

Shares of SSPG opened at GBX 180.17 ($2.28) on Wednesday. SSP Group has a 52-week low of GBX 142.20 ($1.80) and a 52-week high of GBX 243.20 ($3.08). The company has a market capitalization of £1.44 billion, a PE ratio of 18,410.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The stock has a fifty day simple moving average of GBX 161.78 and a two-hundred day simple moving average of GBX 165.65. The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SSPG shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 180 ($2.28) price target on shares of SSP Group in a research report on Wednesday, October 16th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Wednesday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 268.75 ($3.41).

Insider Activity at SSP Group

In other news, insider Apurvi Sheth bought 4,500 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were bought at an average cost of GBX 167 ($2.12) per share, for a total transaction of £7,515 ($9,522.30). Also, insider Jonathan Davies sold 33,392 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 159 ($2.01), for a total value of £53,093.28 ($67,274.81). Insiders have acquired a total of 4,657 shares of company stock worth $776,540 over the last three months. 0.66% of the stock is currently owned by corporate insiders.

SSP Group Company Profile

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.