SSP Group plc (LON:SSPG) Receives GBX 719.50 Average PT from Brokerages

Shares of SSP Group plc (LON:SSPG) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 719.50.

A number of brokerages have recently weighed in on SSPG. UBS Group restated a “neutral” rating and issued a GBX 180 price objective on shares of SSP Group in a research note on Monday, May 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 230 target price on shares of SSP Group in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 262 target price on shares of SSP Group in a report on Wednesday, May 20th. Citigroup cut their target price on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating for the company in a research report on Monday, June 8th. Finally, Shore Capital Group restated a “house stock” rating on shares of SSP Group in a report on Tuesday, May 19th.

SSP Group Stock Up 1.8%

SSPG opened at GBX 194.50 on Friday. The business has a 50 day moving average price of GBX 179.96 and a 200 day moving average price of GBX 182.26. SSP Group has a twelve month low of GBX 137.30 and a twelve month high of GBX 212.20. The company has a debt-to-equity ratio of 36,503.12, a quick ratio of 0.66 and a current ratio of 0.37. The firm has a market cap of £1.49 billion, a P/E ratio of -54.03, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91.

SSP Group (LON:SSPG) last announced its earnings results on Tuesday, May 19th. The company reported GBX (2) earnings per share (EPS) for the quarter. SSP Group had a negative return on equity of 65.76% and a negative net margin of 0.78%.The company had revenue of GBX 176.34 billion for the quarter. Research analysts forecast that SSP Group will post 13.1004016 EPS for the current year.

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).