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

Shares of SSP Group plc (LON:SSPG) have received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 231.

Several equities analysts recently commented on the company. UBS Group downgraded shares of SSP Group to a “sell” rating and set a GBX 170 target price for the company. in a report on Friday, July 11th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 29th. Citigroup upped their price objective on SSP Group from GBX 320 to GBX 330 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 285 target price on shares of SSP Group in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reduced their target price on SSP Group from GBX 200 to GBX 190 and set a “neutral” rating on the stock in a report on Thursday, August 7th.

SSP Group Stock Up 3.9%

LON SSPG opened at GBX 163.50 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. SSP Group has a fifty-two week low of GBX 134.10 and a fifty-two week high of GBX 196.30. The business has a 50 day moving average price of GBX 171.27 and a two-hundred day moving average price of GBX 163.51. The stock has a market cap of £1.31 billion, a PE ratio of 171.36, a P/E/G ratio of -0.77 and a beta of 1.88.

SSP Group Company Profile

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.