SSP Group plc (LON:SSPG) Insider Sells £302,457.05 in Stock

SSP Group plc (LON:SSPG) insider Patrick Coveney sold 217,595 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of GBX 139 ($1.84), for a total value of £302,457.05 ($401,296.34).

SSP Group Stock Up 1.2 %

SSPG stock opened at GBX 142 ($1.88) on Friday. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The business’s 50 day simple moving average is GBX 157.83 and its 200 day simple moving average is GBX 165.93. SSP Group plc has a 1-year low of GBX 134.10 ($1.78) and a 1-year high of GBX 213.40 ($2.83). The firm has a market capitalization of £1.13 billion, a PE ratio of 148.83, a PEG ratio of -0.77 and a beta of 1.88.

SSP Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, January 30th were paid a GBX 2.30 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a yield of 1.42%. This is a positive change from SSP Group’s previous dividend of $1.20. SSP Group’s dividend payout ratio is 209.62%.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Wednesday, April 9th.

About SSP Group

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.