JPMorgan Chase & Co. Trims SSP Group (LON:SSPG) Target Price to GBX 300

SSP Group (LON:SSPGGet Free Report) had its price objective dropped by research analysts at JPMorgan Chase & Co. from GBX 320 ($4.09) to GBX 300 ($3.83) in a report released on Tuesday, Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 71.53% from the company’s previous close.

A number of other research firms have also recently weighed in on SSPG. Barclays reissued an “overweight” rating and issued a GBX 290 ($3.70) price objective on shares of SSP Group in a research report on Wednesday, January 31st. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Friday, May 17th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 305 ($3.90).

Get Our Latest Analysis on SSP Group

SSP Group Trading Down 2.0 %

SSPG opened at GBX 174.90 ($2.23) on Tuesday. The stock’s fifty day moving average is GBX 204.51 and its two-hundred day moving average is GBX 216.16. The company has a market capitalization of £1.40 billion, a P/E ratio of 17,490.00, a PEG ratio of -0.77 and a beta of 1.80. SSP Group has a 52 week low of GBX 173.40 ($2.21) and a 52 week high of GBX 283.20 ($3.62). The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27.

Insider Activity

In related news, insider Patrick Coveney bought 40,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average price of GBX 185 ($2.36) per share, for a total transaction of £74,000 ($94,508.30). Company insiders own 0.63% of the company’s stock.

About SSP Group

(Get Free Report)

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.

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