SSP Group plc (LON:SSPG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SSP Group plc (LON:SSPG) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 244.50.

SSPG has been the topic of a number of recent analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of SSP Group in a report on Monday, January 19th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 target price on shares of SSP Group in a research note on Monday, January 19th. Citigroup reduced their price target on SSP Group from GBX 360 to GBX 350 and set a “buy” rating for the company in a research report on Monday, January 26th. UBS Group reissued a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a report on Friday, December 12th.

SSP Group Stock Performance

Shares of SSPG opened at GBX 188 on Friday. The stock has a 50 day moving average price of GBX 192.89 and a 200 day moving average price of GBX 170.10. The company has a market capitalization of £1.48 billion, a price-to-earnings ratio of -20.22, a price-to-earnings-growth 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 52-week low of GBX 134.10 and a 52-week high of GBX 212.20.

SSP Group (LON:SSPG) last announced its earnings results on Thursday, December 4th. The company reported GBX 11 earnings per share for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. Research analysts predict that SSP Group will post 13.1004016 EPS for the current fiscal year.

Insiders Place Their Bets

In other SSP Group news, insider Karina Deacon purchased 18,000 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was bought at an average cost of GBX 171 per share, with a total value of £30,780. Also, insider Apurvi Sheth acquired 4,000 shares of SSP Group stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of GBX 165 per share, with a total value of £6,600. Over the last ninety days, insiders purchased 227,675 shares of company stock valued at $38,884,478. 1.01% of the stock is currently owned by insiders.

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. These include our own brands (such as UrbanCrave, which brought the first “street eats” concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).