SSP Group’s (SSPG) Overweight Rating Reaffirmed at Barclays

Barclays reaffirmed their overweight rating on shares of SSP Group (LON:SSPG) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity restated a hold rating and set a GBX 680 ($8.95) price target on shares of SSP Group in a research report on Wednesday, November 20th. Morgan Stanley upgraded shares of SSP Group to an overweight rating in a research report on Wednesday, December 11th. HSBC upgraded shares of SSP Group to a buy rating and upped their price target for the stock from GBX 750 ($9.87) to GBX 800 ($10.52) in a research report on Wednesday, January 29th. UBS Group restated a neutral rating and set a GBX 675 ($8.88) price target (down previously from GBX 680 ($8.95)) on shares of SSP Group in a research report on Tuesday, January 28th. Finally, Citigroup restated a buy rating and set a GBX 740 ($9.73) price target (up previously from GBX 720 ($9.47)) on shares of SSP Group in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 715 ($9.41).

SSPG opened at GBX 616 ($8.10) on Friday. SSP Group has a twelve month low of GBX 602 ($7.92) and a twelve month high of GBX 751.07 ($9.88). The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 173.56. The company has a 50-day moving average price of GBX 665.98 and a 200 day moving average price of GBX 663.20. The company has a market cap of $2.76 billion and a PE ratio of 22.24.

In other SSP Group news, insider Jonathan Davies sold 69,829 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of GBX 641 ($8.43), for a total value of £447,603.89 ($588,797.54). Also, insider Simon Smith sold 56,737 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of GBX 657 ($8.64), for a total transaction of £372,762.09 ($490,347.40).

SSP Group Company Profile

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

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Analyst Recommendations for SSP Group (LON:SSPG)

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