SSP Group plc (LON:SSPG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SSP Group plc (LON:SSPG) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 721.17.

SSPG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 262 price target on shares of SSP Group in a research note on Monday, August 17th. UBS Group reaffirmed a “neutral” rating and set a GBX 180 price objective on shares of SSP Group in a report on Monday, May 18th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. Citigroup lowered their target price on SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating for the company in a research note on Monday, June 8th. Finally, Berenberg Bank boosted their target price on SSP Group from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research report on Tuesday, August 4th.

SSP Group Trading Down 0.5%

Shares of LON SSPG opened at GBX 186 on Friday. SSP Group has a 1-year low of GBX 137.30 and a 1-year high of GBX 219.40. The company has a 50-day moving average of GBX 198.36 and a two-hundred day moving average of GBX 185.08. The company has a market cap of £1.41 billion, a PE ratio of -51.67, a P/E/G ratio of -0.77 and a beta of 0.91. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12.

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).