Brokerages Set SSP Group plc (LON:SSPG) Price Target at GBX 721.17

SSP Group plc (LON:SSPG) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 721.17.

SSPG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 262 target price on shares of SSP Group in a research note on Monday, August 17th. Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a report on Tuesday, July 28th. Berenberg Bank upped their target price on shares of SSP Group from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Citigroup cut their target price on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating for the company in a research note on Monday, June 8th.

SSP Group Price Performance

SSPG opened at GBX 183.80 on Friday. The stock has a market cap of £1.39 billion, a price-to-earnings ratio of -51.06, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. 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’s fifty day moving average is GBX 197.44 and its 200 day moving average is GBX 184.36. SSP Group has a fifty-two week low of GBX 137.30 and a fifty-two week 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).