Analysts Set SSP Group PLC (SSPG) PT at $578.75
Shares of SSP Group PLC (LON:SSPG) have earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 578.75 ($8.00).
Several equities analysts have issued reports on SSPG shares. Numis Securities restated an “add” rating and set a GBX 670 ($9.26) target price on shares of SSP Group in a research note on Wednesday, November 29th. Shore Capital restated a “buy” rating on shares of SSP Group in a research note on Wednesday, November 22nd. Liberum Capital restated a “buy” rating and set a GBX 600 ($8.29) target price on shares of SSP Group in a research note on Friday, November 17th. Citigroup restated a “neutral” rating and set a GBX 685 ($9.46) target price on shares of SSP Group in a research note on Thursday, December 21st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 520 ($7.18) target price on shares of SSP Group in a research note on Monday, December 4th.
In other SSP Group news, insider Per Utnegaard purchased 7,100 shares of SSP Group stock in a transaction dated Wednesday, December 20th. The stock was purchased at an average price of GBX 676 ($9.34) per share, with a total value of £47,996 ($66,311.14).
The firm also recently declared a dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 16th will be given a dividend of GBX 20.90 ($0.29) per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a dividend yield of 3.41%. This is a positive change from SSP Group’s previous dividend of $4.90.
SSP Group Company Profile
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).
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