SSP Group (LON:SSPG) Receives Neutral Rating from UBS Group

SSP Group (LON:SSPG)‘s stock had its “neutral” rating reissued by stock analysts at UBS Group in a research report issued on Friday,London Stock Exchange reports. They currently have a GBX 180 price objective on the stock. UBS Group’s price target indicates a potential downside of 5.96% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Citigroup boosted their target price on shares of SSP Group from GBX 310 to GBX 350 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of SSP Group from GBX 285 to GBX 262 and set a “buy” rating for the company in a research report on Thursday, September 25th. Peel Hunt reiterated a “buy” rating and issued a GBX 275 target price on shares of SSP Group in a research note on Friday, October 10th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research note on Thursday, December 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of SSP Group from GBX 190 to GBX 170 and set a “neutral” rating on the stock in a report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 237.83.

SSP Group Stock Down 0.8%

SSPG traded down GBX 1.60 on Friday, hitting GBX 191.40. 2,054,741 shares of the company were exchanged, compared to its average volume of 4,786,582. SSP Group has a twelve month low of GBX 134.10 and a twelve month high of GBX 212.20. The company has a market cap of £1.52 billion, a price-to-earnings ratio of -20.58, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. 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 firm has a 50-day moving average price of GBX 176.93 and a two-hundred day moving average price of GBX 168.84.

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

SSP Group declared that its board has authorized a stock buyback plan on Thursday, October 9th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Karina Deacon purchased 18,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was bought at an average price of GBX 171 per share, with a total value of £30,780. Also, insider Geert Verellen acquired 41,006 shares of SSP Group stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of GBX 181 per share, for a total transaction of £74,220.86. Over the last ninety days, insiders have bought 227,675 shares of company stock valued at $38,884,478. 1.01% of the stock is owned by company insiders.

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).