JPMorgan Chase & Co. Lowers SSP Group (LON:SSPG) Price Target to GBX 190

SSP Group (LON:SSPG) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from GBX 200 ($2.69) to GBX 190 ($2.56) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.70% from the company’s previous close.

A number of other research analysts have also weighed in on SSPG. UBS Group lowered shares of SSP Group to a “sell” rating and set a GBX 170 ($2.29) target price for the company. in a report on Friday, July 11th. Citigroup lifted their price objective on shares of SSP Group from GBX 320 ($4.30) to GBX 330 ($4.44) and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 285 ($3.83) price objective on shares of SSP Group in a research note on Wednesday, July 30th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 231 ($3.11).

SSP Group Trading Down 1.8%

SSPG stock opened at GBX 165.65 ($2.23) on Thursday. The firm has a fifty day moving average price of GBX 171.47 and a 200 day moving average price of GBX 164.53. SSP Group has a fifty-two week low of GBX 134.10 ($1.80) and a fifty-two week high of GBX 196.30 ($2.64). The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The firm has a market cap of £1.32 billion, a PE ratio of 173.62, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last posted its earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. Sell-side analysts anticipate that SSP Group will post 13.1004016 earnings per share for the current fiscal year.

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.