SSP Group (LON:SSPG) Reaches New 1-Year High – Still a Buy?

SSP Group plc (LON:SSPG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 219.40 and last traded at GBX 210.60, with a volume of 802008 shares changing hands. The stock had previously closed at GBX 214.20.

Analysts Set New Price Targets

Several research firms have recently commented on SSPG. Shore Capital Group reaffirmed a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. UBS Group reiterated a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a report on Wednesday, July 29th. Citigroup cut their price objective on SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating on the stock in a research report on Monday, June 8th. Finally, Berenberg Bank upped their target price on SSP Group from GBX 230 to GBX 240 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 721.17.

SSP Group Price Performance

The firm has a 50-day simple moving average of GBX 190.06 and a 200 day simple moving average of GBX 183.52. The firm has a market cap of £1.63 billion, a PE ratio of -59.39, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. The company has a debt-to-equity ratio of 36,503.12, a current ratio of 0.37 and a quick ratio of 0.66.

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 return on equity of 65.76% and a negative net margin of 0.78%.The business had revenue of GBX 176.34 billion during the quarter. As a group, equities analysts expect that SSP Group plc will post 13.1004016 EPS for the current 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).