SSP Group (LON:SSPG) Earns “Buy” Rating from Berenberg Bank

SSP Group (LON:SSPG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They currently have a GBX 230 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 40.33% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 262 price target on shares of SSP Group in a research note on Wednesday. UBS Group reiterated a “neutral” rating and issued a GBX 180 price target on shares of SSP Group in a research note on Monday. Citigroup lowered their price objective on shares of SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 244.50.

SSP Group Stock Down 0.6%

Shares of SSPG stock opened at GBX 163.90 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.13. SSP Group has a 1 year low of GBX 137.30 and a 1 year high of GBX 212.20. The firm’s fifty day moving average price is GBX 175.59 and its two-hundred day moving average price is GBX 179.22. The firm has a market capitalization of £1.27 billion, a P/E ratio of -17.62, a PEG ratio of -0.77 and a beta of 0.90.

SSP Group (LON:SSPG) last issued its quarterly earnings results on Tuesday, May 19th. The company reported GBX (2) earnings per share (EPS) for the quarter. SSP Group had a negative net margin of 0.78% and a negative return on equity of 65.76%. The business had revenue of GBX 176.34 billion during the quarter. On average, equities analysts predict that SSP Group will post 13.1004016 EPS for the current fiscal year.

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).