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

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

Several research analysts recently commented on SSPG shares. Citigroup dropped their target price on shares of SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a report on Monday, January 26th. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a report on Monday, January 19th. JPMorgan Chase & Co. lowered their price target on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating on the stock in a research report on Friday, December 12th. UBS Group reiterated a “neutral” rating and issued a GBX 180 price objective on shares of SSP Group in a research note on Friday, January 16th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 230 price objective on shares of SSP Group in a research report on Monday, January 19th.

SSP Group Price Performance

Shares of SSP Group stock opened at GBX 185.40 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 2,629.60. The firm has a fifty day simple moving average of GBX 192.30 and a 200-day simple moving average of GBX 173.78. The stock has a market capitalization of £1.46 billion, a price-to-earnings ratio of -19.94, a PEG ratio of -0.77 and a beta of 0.92. SSP Group has a 1-year low of GBX 134.10 and a 1-year high of GBX 212.20.

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).