Deutsche Bank AG Reaffirms “Hold” Rating for SSP Group PLC (SSPG)

Deutsche Bank AG restated their hold rating on shares of SSP Group PLC (LON:SSPG) in a research report report published on Tuesday, May 16th. They currently have a GBX 440 ($5.57) price target on the stock.

Several other equities research analysts have also recently commented on SSPG. J P Morgan Chase & Co cut SSP Group PLC to a neutral rating and increased their price target for the company from GBX 390 ($4.93) to GBX 400 ($5.06) in a report on Wednesday, January 18th. Jefferies Group LLC raised SSP Group PLC to a buy rating and increased their price target for the company from GBX 325 ($4.11) to GBX 450 ($5.69) in a report on Monday, January 23rd. Shore Capital reaffirmed a buy rating on shares of SSP Group PLC in a report on Thursday, January 26th. Panmure Gordon reaffirmed a buy rating and issued a GBX 400 ($5.06) price target on shares of SSP Group PLC in a report on Thursday, January 26th. Finally, Canaccord Genuity cut SSP Group PLC to a sell rating and increased their price target for the company from GBX 360 ($4.55) to GBX 375 ($4.74) in a report on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. SSP Group PLC has an average rating of Hold and a consensus price target of GBX 431.27 ($5.46).

Shares of SSP Group PLC (SSPG) opened at 490.50 on Tuesday. The company’s market capitalization is GBX 2.33 billion. SSP Group PLC has a 52 week low of GBX 260.50 and a 52 week high of GBX 498.00. The company has a 50-day moving average price of GBX 470.94 and a 200-day moving average price of GBX 419.84.

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The company also recently announced a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be given a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a dividend yield of 0.68%. This is a boost from SSP Group PLC’s previous dividend of $2.90.

SSP Group PLC Company Profile

SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).

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