SSP Group PLC (SSPG) to Issue Dividend Increase – GBX 4.90 Per Share

SSP Group PLC (LON:SSPG) declared a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 15th will be paid a dividend of GBX 4.90 ($0.07) per share on Thursday, March 29th. This represents a dividend yield of 0.76%. The ex-dividend date is Thursday, March 15th. This is a positive change from SSP Group’s previous dividend of $3.20. The official announcement can be accessed at this link.

SSP Group (SSPG) opened at GBX 626.50 ($8.66) on Friday. SSP Group has a fifty-two week low of GBX 402.60 ($5.56) and a fifty-two week high of GBX 693 ($9.57). The stock has a market cap of $3,010.00 and a P/E ratio of 3,297.37.

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In other SSP Group news, insider Per Utnegaard bought 7,100 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were purchased at an average price of GBX 676 ($9.34) per share, for a total transaction of £47,996 ($66,311.14). Also, insider Jonathan Davies sold 118,998 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of GBX 600 ($8.29), for a total transaction of £713,988 ($986,443.77).

Several analysts recently weighed in on SSPG shares. Shore Capital reiterated a “buy” rating on shares of SSP Group in a report on Wednesday, November 22nd. Barclays reiterated an “overweight” rating and issued a GBX 650 ($8.98) price target on shares of SSP Group in a report on Thursday, November 23rd. Liberum Capital reiterated a “buy” rating and issued a GBX 675 ($9.33) price target on shares of SSP Group in a report on Tuesday, January 23rd. Numis Securities reiterated an “add” rating and issued a GBX 670 ($9.26) price target on shares of SSP Group in a report on Wednesday, November 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 520 ($7.18) price target on shares of SSP Group in a report on Monday, December 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 581.15 ($8.03).

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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).

Dividend History for SSP Group (LON:SSPG)

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