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

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

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

SSP Group Trading Up 0.7%

Shares of SSPG stock opened at GBX 183.79 on Monday. The company has a debt-to-equity ratio of 2,629.60, a quick ratio of 0.66 and a current ratio of 0.44. The company has a market capitalization of £1.44 billion, a price-to-earnings ratio of -19.76, a PEG ratio of -0.77 and a beta of 0.92. SSP Group has a 52-week low of GBX 134.10 and a 52-week high of GBX 212.20. The company has a 50-day simple moving average of GBX 185.97 and a two-hundred day simple moving average of GBX 176.68.

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. 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).