SSP Group PLC (SSPG) Insider Buys £47,996 in Stock

SSP Group PLC (LON:SSPG) insider Per Utnegaard purchased 7,100 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was acquired at an average cost of GBX 676 ($9.10) per share, with a total value of £47,996 ($64,597.58).

Shares of SSP Group PLC (LON SSPG) opened at GBX 672.44 ($9.05) on Thursday. SSP Group PLC has a 1 year low of GBX 374.90 ($5.05) and a 1 year high of GBX 680.50 ($9.16).

The company also recently disclosed a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a GBX 4.90 ($0.07) dividend. This is a positive change from SSP Group’s previous dividend of $3.20. This represents a yield of 0.76%. The ex-dividend date is Thursday, March 15th.

A number of brokerages recently commented on SSPG. Citigroup reaffirmed a “neutral” rating and issued a GBX 685 ($9.22) price target on shares of SSP Group in a report on Thursday. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 520 ($7.00) price target on shares of SSP Group in a report on Monday, December 4th. Numis Securities reaffirmed an “add” rating and issued a GBX 670 ($9.02) price target on shares of SSP Group in a report on Wednesday, November 29th. Morgan Stanley increased their price target on shares of SSP Group from GBX 480 ($6.46) to GBX 530 ($7.13) and gave the company an “underweight” rating in a report on Thursday, November 23rd. Finally, Barclays reissued an “overweight” rating and issued a GBX 650 ($8.75) price objective on shares of SSP Group in a research report on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 536.69 ($7.22).

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About SSP Group

SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).

Insider Buying and Selling by Quarter for SSP Group (LON:SSPG)

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