SSP Group (LON:SSPG) Earns “Neutral” Rating from JPMorgan Chase & Co.

SSP Group (LON:SSPG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a report issued on Friday, Marketbeat.com reports.

SSPG has been the topic of several other reports. Shore Capital restated a “house stock” rating on shares of SSP Group in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a report on Thursday, September 25th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 target price on shares of SSP Group in a research report on Tuesday, October 14th. UBS Group downgraded shares of SSP Group to a “sell” rating and set a GBX 170 target price on the stock. in a research report on Friday, July 11th. Finally, Citigroup reissued a “buy” rating and set a GBX 310 price objective (down from GBX 330) on shares of SSP Group in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 232.83.

SSP Group Stock Down 0.1%

LON SSPG opened at GBX 154 on Friday. The firm has a 50-day simple moving average of GBX 159.30 and a 200 day simple moving average of GBX 163.40. SSP Group has a twelve month low of GBX 134.10 and a twelve month high of GBX 196.30. 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 stock has a market cap of £1.23 billion, a PE ratio of -51.33, a PEG ratio of -0.77 and a beta of 1.88.

SSP Group announced that its board has initiated a share repurchase plan on Thursday, October 9th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at SSP Group

In other SSP Group news, insider Patrick Coveney sold 69,007 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of GBX 173, for a total transaction of £119,382.11. 1.00% of the stock is currently owned by corporate insiders.

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.