SSP Group plc (LON:SSPG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SSP Group plc (LON:SSPG) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 232.83.

A number of equities analysts have weighed in on SSPG shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 275 target price on shares of SSP Group in a research note on Friday, October 10th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Wednesday, November 26th. Berenberg Bank restated a “buy” rating and issued a GBX 190 price objective on shares of SSP Group in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, Citigroup reissued a “buy” rating and issued a GBX 310 target price (down from GBX 330) on shares of SSP Group in a research note on Monday, October 13th.

SSP Group Stock Performance

SSP Group stock opened at GBX 152.40 on Tuesday. The stock has a 50-day simple moving average of GBX 156.39 and a 200 day simple moving average of GBX 162.86. The stock has a market capitalization of £1.22 billion, a price-to-earnings ratio of -50.80, a P/E/G ratio of -0.77 and a beta of 1.88. 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 12-month low of GBX 134.10 and a 12-month high of GBX 196.30.

SSP Group announced that its Board of Directors has approved a share buyback program on Thursday, October 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at SSP Group

In other SSP Group news, insider Patrick Coveney sold 69,007 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of GBX 173, for a total transaction of £119,382.11. Insiders own 1.00% of the company’s stock.

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.