SSP Group (LON:SSPG) Price Target Cut to GBX 262 by Analysts at Deutsche Bank Aktiengesellschaft

SSP Group (LON:SSPG) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 285 to GBX 262 in a research note released on Thursday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Citigroup lifted their price target on shares of SSP Group from GBX 320 to GBX 330 and gave the company a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of SSP Group from GBX 200 to GBX 190 and set a “neutral” rating for the company in a research note on Thursday, August 7th. UBS Group lowered shares of SSP Group to a “sell” rating and set a GBX 170 price objective for the company. in a research note on Friday, July 11th. Shore Capital restated a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 29th. Finally, Berenberg Bank upgraded shares of SSP Group to a “buy” rating and raised their price objective for the company from GBX 180 to GBX 190 in a research note on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 228.40.

SSP Group Trading Up 7.0%

Shares of LON SSPG opened at GBX 167 on Thursday. SSP Group has a 1 year low of GBX 134.10 and a 1 year high of GBX 196.30. The stock has a market cap of £1.34 billion, a P/E ratio of -5,566.67, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The firm has a 50-day moving average of GBX 162.20 and a 200 day moving average of GBX 160.81. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66.

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.