Insider Buying: SSP Group plc (LON:SSPG) Insider Buys 78 Shares of Stock

SSP Group plc (LON:SSPG) insider Jonathan Davies purchased 78 shares of SSP Group stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of GBX 161 ($2.10) per share, with a total value of £125.58 ($163.47).

Jonathan Davies also recently made the following trade(s):

• On Monday, October 7th, Jonathan Davies purchased 79 shares of SSP Group stock. The stock was bought at an average cost of GBX 158 ($2.06) per share, with a total value of £124.82 ($162.48).
• On Tuesday, October 1st, Jonathan Davies sold 33,392 shares of SSP Group stock. The stock was sold at an average price of GBX 159 ($2.07), for a total value of £53,093.28 ($69,113.88).

SSP Group Stock Performance

Shares of SSPG stock traded up GBX 0.90 ($0.01) during mid-day trading on Thursday, reaching GBX 159.40 ($2.07). The stock had a trading volume of 1,631,135 shares, compared to its average volume of 2,347,101. The firm’s 50 day simple moving average is GBX 163.66 and its 200 day simple moving average is GBX 171.05. The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27. SSP Group plc has a one year low of GBX 142.20 ($1.85) and a one year high of GBX 243.20 ($3.17). The firm has a market cap of £1.27 billion, a PE ratio of 15,990.00, a P/E/G ratio of -0.77 and a beta of 1.88.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SSPG shares. Berenberg Bank reissued a “hold” rating and set a GBX 180 ($2.34) price objective 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, July 10th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 268.75 ($3.50).

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.