SSP Group (LON:SSPG) Share Price Crosses Below 200 Day Moving Average After Insider Selling

SSP Group plc (LON:SSPG) shares crossed below its 200-day moving average during trading on Wednesday following insider selling activity. The stock has a 200-day moving average of GBX 179.53 ($2.40) and traded as low as GBX 156 ($2.09). SSP Group shares 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 business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.13), for a total value of £53,093.28 ($71,018.30).

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 305 ($4.08) target price on shares of SSP Group in a research report on Thursday, July 4th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SSP Group currently has an average rating of “Buy” and a consensus price target of GBX 296.25 ($3.96).

SSP Group Price Performance

The firm’s 50-day moving average price is GBX 166.49 and its 200-day moving average price is GBX 179.37. The stock has a market capitalization of £1.24 billion, a PE ratio of 15,590.00, a PEG ratio of -0.77 and a beta of 1.88. 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 Company Profile

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