SSP Group plc (LON:SSPG) Receives Average Recommendation of “Hold” from Analysts

Shares of SSP Group plc (LON:SSPG) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 233.

Several research firms have recently commented on SSPG. Shore Capital restated a “house stock” rating on shares of SSP Group in a report on Tuesday, July 29th. Berenberg Bank upgraded shares of SSP Group to a “buy” rating and upped their price target for the company from GBX 180 to GBX 190 in a research note on Thursday, September 11th. UBS Group downgraded shares of SSP Group to a “sell” rating and set a GBX 170 price objective on the stock. in a report on Friday, July 11th. JPMorgan Chase & Co. lowered their price target on shares of SSP Group from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Finally, Citigroup increased their price objective on shares of SSP Group from GBX 320 to GBX 330 and gave the company a “buy” rating in a report on Wednesday, July 30th.

SSP Group Trading Up 0.1%

Shares of SSPG opened at GBX 155.90 on Thursday. SSP Group has a 1-year low of GBX 134.10 and a 1-year high of GBX 196.30. The company has a 50-day moving average of GBX 162.88 and a 200 day moving average of GBX 160.83. The firm has a market capitalization of £1.25 billion, a price-to-earnings ratio of -5,196.67, a PEG ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66.

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.