SSP Group plc (LON:SSPG) Stock Has Average Target Price of GBX 807.40

SSP Group plc (LON:SSPG) has been given an average rating of “Moderate Buy” by the five analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 807.40.

Several equities research analysts have recently issued reports on SSPG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 262 price objective on shares of SSP Group in a research report on Monday, August 17th. Berenberg Bank lowered their price target on SSP Group from GBX 245 to GBX 225 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th.

Insider Buying and Selling at SSP Group

In other news, insider Patrick Coveney sold 91,027 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total transaction of £176,592.38. 1.13% of the stock is owned by insiders.

SSP Group Stock Down 0.2%

Shares of SSP Group stock opened at GBX 185.55 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.37 and a debt-to-equity ratio of 36,503.12. The stock has a market cap of £1.39 billion, a PE ratio of -51.54, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. The business has a fifty day simple moving average of GBX 186.59 and a 200 day simple moving average of GBX 185.53. SSP Group has a 12 month low of GBX 137.30 and a 12 month high of GBX 219.40.

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).