SSP Group (LON:SSPG) Stock Crosses Above 50-Day Moving Average – Time to Sell?

SSP Group plc (LON:SSPG)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 169.68 ($2.10) and traded as high as GBX 180.91 ($2.24). SSP Group shares last traded at GBX 180.70 ($2.24), with a volume of 246,593 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SSPG shares. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a report on Wednesday, December 4th. Berenberg Bank restated a “hold” rating and issued a GBX 180 ($2.23) target price on shares of SSP Group in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on SSP Group from GBX 200 ($2.48) to GBX 210 ($2.60) and gave the company a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 246.25 ($3.05).

SSP Group Price Performance

The company has a market capitalization of £1.45 billion, a price-to-earnings ratio of 18,140.00, a P/E/G ratio of -0.77 and a beta of 1.88. The firm has a 50-day simple moving average of GBX 169.95 and a two-hundred day simple moving average of GBX 166.89. The company has a current ratio of 0.35, a quick ratio of 0.66 and a debt-to-equity ratio of 595.27.

SSP Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 30th will be given a dividend of GBX 2.30 ($0.03) per share. 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. SSP Group’s dividend payout ratio (DPR) is currently 20,000.00%.

Insiders Place Their Bets

In other SSP Group news, insider Apurvi Sheth acquired 4,500 shares of the company’s stock in a transaction on Monday, October 21st. The shares were bought at an average cost of GBX 167 ($2.07) per share, with a total value of £7,515 ($9,301.89). Over the last quarter, insiders bought 4,724 shares of company stock worth $789,002. Company insiders own 0.66% of the company’s stock.

SSP Group Company Profile

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.