SSP Group (OTCMKTS:SSPPF) Lowered to “Sell” at Zacks Investment Research

SSP Group (OTCMKTS:SSPPF – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “SSP Group PLC operates food and beverage outlets. It also operates restaurants, bars, cafes, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. SSP Group PLC is headquartered in London, the United Kingdom. “

SSPPF has been the topic of several other research reports. BNP Paribas lowered shares of SSP Group to a “hold” rating and set a $260.00 target price on the stock. in a report on Friday, March 18th. Deutsche Bank Aktiengesellschaft lowered shares of SSP Group from a “buy” rating to a “hold” rating and set a $265.00 target price on the stock. in a report on Tuesday, April 19th. JPMorgan Chase & Co. initiated coverage on shares of SSP Group in a research report on Thursday, March 3rd. They set an “overweight” rating on the stock. Finally, Exane BNP Paribas downgraded shares of SSP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $291.67.

SSPPF opened at $2.85 on Friday. The firm’s 50-day simple moving average is $3.27 and its 200-day simple moving average is $3.19. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 5.31. SSP Group has a twelve month low of $2.85 and a twelve month high of $5.50.

SSP Group Company Profile (Get Rating)

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 36 countries in the United Kingdom, Europe, North America, and internationally. SSP Group plc was incorporated in 2006 and is headquartered in London, the United Kingdom.

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