Analysts Set SSP Group plc (LON:SSPG) Target Price at GBX 244.50

Shares of SSP Group plc (LON:SSPG) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 244.50.

A number of research firms recently commented on SSPG. Citigroup decreased their price objective on shares of SSP Group from GBX 360 to GBX 350 and set a “buy” rating for the company in a research note on Monday, January 26th. JPMorgan Chase & Co. decreased their target price on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a research report on Friday, December 12th. UBS Group reissued a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a research report on Friday, January 16th. Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a research note on Monday, January 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 target price on shares of SSP Group in a research note on Monday, January 19th.

Insider Activity

In related news, insider Karina Deacon acquired 18,000 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were purchased at an average price of GBX 171 per share, for a total transaction of £30,780. Also, insider Patrick Coveney bought 149,669 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was bought at an average price of GBX 168 per share, with a total value of £251,443.92. Insiders bought a total of 227,675 shares of company stock valued at $38,884,478 in the last three months. 1.01% of the stock is currently owned by insiders.

SSP Group Trading Down 0.6%

Shares of SSPG opened at GBX 201.75 on Friday. The business’s 50-day moving average price is GBX 194.86 and its 200 day moving average price is GBX 171.15. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The stock has a market capitalization of £1.59 billion, a P/E ratio of -21.69, a P/E/G ratio of -0.77 and a beta of 1.88. SSP Group has a 1-year low of GBX 134.10 and a 1-year high of GBX 212.20.

SSP Group (LON:SSPG) last posted its quarterly earnings data on Thursday, December 4th. The company reported GBX 11 EPS for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. Analysts expect that SSP Group will post 13.1004016 earnings per share for the current year.

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. These include our own brands (such as UrbanCrave, which brought the first “street eats” concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).