SSP Group plc (LON:SSPG) Stock Has Average Target Price of GBX 807.40 According to Analysts

Shares of SSP Group plc (LON:SSPG) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 807.40.

A number of equities analysts have commented on SSPG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 target price on shares of SSP Group in a research note on Monday, August 17th. Berenberg Bank decreased their target price on SSP Group from GBX 245 to GBX 225 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 28th.

Insider Activity

In related news, insider Patrick Coveney sold 91,027 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of GBX 194, for a total transaction of £176,592.38. Insiders own 1.13% of the company’s stock.

SSP Group Stock Performance

LON:SSPG opened at GBX 186 on Monday. The company has a fifty day moving average of GBX 186.59 and a 200-day moving average of GBX 185.53. The firm has a market capitalization of £1.39 billion, a P/E ratio of -51.67, a P/E/G ratio of -0.77 and a beta of 0.91. The company has a quick ratio of 0.66, a current ratio of 0.37 and a debt-to-equity ratio of 36,503.12. SSP Group has a twelve month low of GBX 137.30 and a twelve month high of GBX 219.40.

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. 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).