SSP Group (LON:SSPG) Price Target Lowered to GBX 262 at Deutsche Bank Aktiengesellschaft

SSP Group (LON:SSPG) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 285 to GBX 262 in a report released on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 56.70% from the stock’s current price.

Other analysts have also issued research reports about the stock. Citigroup boosted their target price on shares of SSP Group from GBX 320 to GBX 330 and gave the company a “buy” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. cut their price objective on shares of SSP Group from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. UBS Group lowered shares of SSP Group to a “sell” rating and set a GBX 170 price target on the stock. in a research note on Friday, July 11th. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 29th. Finally, Berenberg Bank upgraded shares of SSP Group to a “buy” rating and lifted their price target for the stock from GBX 180 to GBX 190 in a research report on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, SSP Group presently has a consensus rating of “Hold” and a consensus price target of GBX 228.40.

SSP Group Stock Performance

Shares of SSPG stock opened at GBX 167.20 on Thursday. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The company’s 50-day simple moving average is GBX 162.27 and its 200-day simple moving average is GBX 160.77. SSP Group has a one year low of GBX 134.10 and a one year high of GBX 196.30. The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of -5,573.33, a PEG ratio of -0.77 and a beta of 1.88.

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.