SSP Group plc (SSPG.L) – What Are Researchers Saying About This Stock?

Shares of SSP Group plc (LON:SSPG) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 807.40.

Several equities research analysts have recently weighed in on SSPG shares. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 262 target price on shares of SSP Group in a report on Monday, August 17th. Finally, Berenberg Bank decreased their price target on SSP Group from GBX 245 to GBX 225 and set a “buy” rating on the stock in a research note on Monday.

SSP Group Price Performance

LON SSPG opened at GBX 176.30 on Thursday. The company has a debt-to-equity ratio of 36,503.12, a quick ratio of 0.66 and a current ratio of 0.37. The firm has a 50-day simple moving average of GBX 195.11 and a 200 day simple moving average of GBX 184.98. SSP Group has a twelve month low of GBX 137.30 and a twelve month high of GBX 219.40. The stock has a market cap of £1.32 billion, a PE ratio of -48.97, a PEG ratio of -0.77 and a beta of 0.91.

Insider Transactions at SSP Group

In related news, insider Patrick Coveney sold 91,027 shares of SSP Group stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of GBX 194, for a total value of £176,592.38. Insiders own 1.12% of the company’s stock.

About SSP Group

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).