SSP Group plc (LON:SSPG) Raises Dividend to GBX 2.30 Per Share

SSP Group plc (LON:SSPG) declared a dividend on Wednesday, December 3rd,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 2.30 ($0.03) per share on Thursday, February 27th. This represents a yield of 1.42%. The ex-dividend date is Thursday, January 30th. This is an increase from SSP Group’s previous dividend of $1.20. The official announcement can be viewed at this link.

SSP Group Price Performance

Shares of LON SSPG opened at GBX 177.90 ($2.21) on Tuesday. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. The company’s fifty day moving average is GBX 173.71 and its two-hundred day moving average is GBX 169.27. SSP Group has a one year low of GBX 142.20 ($1.77) and a one year high of GBX 235 ($2.92). The firm has a market capitalization of £1.42 billion, a P/E ratio of 17,790.00, a PEG ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) earnings per share for the quarter. SSP Group had a return on equity of 17.67% and a net margin of 0.24%. Analysts forecast that SSP Group will post 13.1004016 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SSPG. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on SSP Group from GBX 200 ($2.49) to GBX 210 ($2.61) and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 180 ($2.24) price target on shares of SSP Group in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 246.25 ($3.06).

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.