SSP Group’s (SSPG) “Buy” Rating Reaffirmed at Berenberg Bank

SSP Group (LON:SSPGGet Rating)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 300 ($3.78) target price on the stock. Berenberg Bank’s price objective points to a potential upside of 12.39% from the stock’s current price.

Several other brokerages also recently issued reports on SSPG. Barclays reiterated an “overweight” rating and set a GBX 350 ($4.40) price target on shares of SSP Group in a research report on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of SSP Group in a research report on Thursday, March 3rd. They set an “overweight” rating and a GBX 370 ($4.66) price target on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 350 ($4.40) price target on shares of SSP Group in a research report on Tuesday. Shore Capital reiterated a “buy” rating on shares of SSP Group in a research report on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SSP Group in a research report on Wednesday, May 11th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 338.75 ($4.26).

Shares of LON:SSPG opened at GBX 266.94 ($3.36) on Wednesday. SSP Group has a 52 week low of GBX 205.20 ($2.58) and a 52 week high of GBX 340.80 ($4.29). The company has a debt-to-equity ratio of 726.14, a quick ratio of 0.75 and a current ratio of 0.80. The company’s fifty day moving average is GBX 234.19 and its 200-day moving average is GBX 248.88. The company has a market capitalization of £2.12 billion and a PE ratio of -5.20.

In other SSP Group news, insider Patrick Coveney bought 630,000 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were bought at an average cost of GBX 255 ($3.21) per share, for a total transaction of £1,606,500 ($2,021,517.55).

About SSP Group (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.

Recommended Stories

Analyst Recommendations for SSP Group (LON:SSPG)

Receive News & Ratings for SSP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSP Group and related companies with MarketBeat.com's FREE daily email newsletter.