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

SSP Group plc (LON:SSPG) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 244.50.

SSPG has been the subject of a number of recent analyst reports. 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. Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a research report on Monday, January 19th. Berenberg Bank restated a “buy” rating and issued a GBX 230 price objective on shares of SSP Group in a research note on Monday, January 19th. UBS Group reaffirmed a “neutral” rating and set a GBX 180 price objective on shares of SSP Group in a report on Friday, January 16th. Finally, Citigroup dropped their target price on shares of SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a report on Monday, January 26th.

SSP Group Stock Performance

SSPG opened at GBX 175.10 on Thursday. The company has a debt-to-equity ratio of 2,629.60, a quick ratio of 0.66 and a current ratio of 0.44. The company has a market cap of £1.37 billion, a PE ratio of -18.83, a price-to-earnings-growth ratio of -0.77 and a beta of 0.92. The stock has a 50-day moving average of GBX 190.79 and a 200-day moving average of GBX 174.33. SSP Group has a 52-week low of GBX 134.10 and a 52-week high of GBX 212.20.

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).