SSP Group plc (LON:SSPG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of SSP Group plc (LON:SSPG) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 244.50.

A number of brokerages have recently weighed in on SSPG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 price objective on shares of SSP Group in a research note on Monday, January 19th. Citigroup dropped 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. Shore Capital Group reaffirmed a “house stock” rating on shares of SSP Group in a research note on Monday. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 180 price objective on shares of SSP Group in a research note on Friday, January 16th.

SSP Group Trading Down 0.1%

Shares of LON SSPG traded down GBX 0.20 during trading on Monday, reaching GBX 161. The stock had a trading volume of 2,061,897 shares, compared to its average volume of 8,290,161. SSP Group has a fifty-two week low of GBX 137.30 and a fifty-two week high of GBX 212.20. 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 business’s 50-day moving average price is GBX 181.75 and its 200-day moving average price is GBX 179.31. The company has a market cap of £1.25 billion, a P/E ratio of -17.31, a PEG ratio of -0.77 and a beta of 0.90.

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).