SSP Group (LON:SSPG) shares slip below 200-day moving average on insider selling

SSP Group plc (LON:SSPG – Get Free Report ) share price crossed below its two hundred day moving average during trading on Wednesday after insiders sold shares in the company. The stock has a two hundred day moving average of GBX 179.53 ($2.40) and traded as high as GBX 156 ($2.09). Shares of SSP Group last traded at GBX 157.20 ($2.10), with a volume of 1,270,849 shares changing hands.

Specifically, insider Jonathan Davies sold 33,392 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.13), for a total transaction of GBX 53,093.28 ($71,018.30).

Analyst upgrades and downgrades

Several brokerages have recently weighed in on SSPG. Shore Capital reissued a “hold” rating on shares of SSP Group in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 305 ($4.08) target price on shares of SSP Group in a report on Thursday, July 4th. Four equities research analysts have rated the stock with a buy rating. SSP Group has a consensus rating of “Buy” and an average price target of GBX 296.25 ($3.96), based on data from MarketBeat.

See our latest report on SSP Group

SSP Group trading down 1.1%

The company has a quick ratio of 0.66, a current ratio of 0.35, and a debt-to-equity ratio of 595.27. The company’s 50-day moving average is GBX 166.85, and its two-hundred-day moving average is GBX 179.53. The stock has a market cap of £1.24 billion, a price-to-earnings ratio of 15,516.80, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88.

About SSP Group

(Get a free report)

SSP Group plc operates food and beverage stores in North America, Europe, the United Kingdom, Ireland, Asia Pacific, Eastern Europe, the Middle East and internationally. The company operates points of sale in airports, railway stations, motorway service areas, hospitals and shopping centres. It also operates sandwich shops, cafes, bars and restaurants.

Further reading

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