Citigroup Reaffirms Neutral Rating for SSP Group (SSPG)

Citigroup restated their neutral rating on shares of SSP Group (LON:SSPG) in a research report sent to investors on Thursday. They currently have a GBX 685 ($9.22) price target on the stock.

A number of other research firms also recently commented on SSPG. Liberum Capital reiterated a buy rating and issued a GBX 600 ($8.08) price objective on shares of SSP Group in a report on Wednesday, August 30th. Morgan Stanley downgraded SSP Group to an underweight rating and upped their price objective for the company from GBX 450 ($6.06) to GBX 480 ($6.46) in a report on Tuesday, September 5th. downgraded SSP Group to a hold rating and set a GBX 540 ($7.27) price objective for the company. in a report on Wednesday, September 27th. Shore Capital reiterated a buy rating on shares of SSP Group in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 415 ($5.59) price objective on shares of SSP Group in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. SSP Group currently has an average rating of Hold and a consensus price target of GBX 536.69 ($7.22).

Shares of SSP Group (SSPG) opened at GBX 684.50 ($9.21) on Thursday. The firm has a market capitalization of $3,250.00 and a price-to-earnings ratio of 3,602.63. SSP Group has a 52-week low of GBX 376.30 ($5.06) and a 52-week high of GBX 688.50 ($9.27).

The firm also recently announced a dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a GBX 4.90 ($0.07) dividend. This represents a yield of 0.76%. This is a boost from SSP Group’s previous dividend of $3.20. The ex-dividend date is Thursday, March 15th.

In other SSP Group news, insider Per Utnegaard bought 7,100 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was purchased at an average cost of GBX 676 ($9.10) per share, with a total value of £47,996 ($64,597.58). Over the last three months, insiders acquired 7,163 shares of company stock valued at $4,837,135.

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SSP Group 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).

Analyst Recommendations for SSP Group (LON:SSPG)

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