Canaccord Genuity Lowers SSP Group PLC (SSPG) to Sell
Canaccord Genuity downgraded shares of SSP Group PLC (LON:SSPG) to a sell rating in a research report sent to investors on Tuesday morning. Canaccord Genuity currently has GBX 375 ($4.69) target price on the stock, up from their prior target price of GBX 360 ($4.50).
Other equities research analysts also recently issued reports about the company. Panmure Gordon reissued a buy rating and issued a GBX 400 ($5.00) target price on shares of SSP Group PLC in a report on Thursday, January 26th. Jefferies Group LLC raised SSP Group PLC to a buy rating and boosted their target price for the stock from GBX 325 ($4.06) to GBX 450 ($5.62) in a report on Monday, January 23rd. Numis Securities Ltd reissued a buy rating and issued a GBX 430 ($5.37) target price on shares of SSP Group PLC in a report on Friday, January 6th. Shore Capital reissued a buy rating on shares of SSP Group PLC in a report on Thursday, January 26th. Finally, Barclays PLC boosted their target price on SSP Group PLC from GBX 280 ($3.50) to GBX 310 ($3.87) and gave the stock an equal weight rating in a report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. SSP Group PLC has a consensus rating of Hold and a consensus price target of GBX 382.80 ($4.78).
Shares of SSP Group PLC (LON:SSPG) opened at 406.00 on Tuesday. The stock’s 50 day moving average price is GBX 397.04 and its 200 day moving average price is GBX 353.43. SSP Group PLC has a 12 month low of GBX 260.50 and a 12 month high of GBX 428.60. The stock’s market capitalization is GBX 1.93 billion.
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The firm also recently declared a dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 2nd will be paid a GBX 2.90 ($0.04) dividend. The ex-dividend date is Thursday, March 2nd. This represents a dividend yield of 0.78%. This is a boost from SSP Group PLC’s previous dividend of $2.50.
About SSP Group PLC
SSP Group plc operates food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. The Company operates through four segments: the UK, Continental Europe, North America and Rest of the World (RoW).
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