SSP Group plc (SSPG.L) – What Are Investment Firms Thinking About This Stock?

Shares of SSP Group plc (LON:SSPG) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 807.40.

Several equities research analysts have weighed in on SSPG shares. Berenberg Bank lowered their price target on SSP Group from GBX 245 to GBX 225 and set a “buy” rating for the company in a report on Monday. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 262 price objective on shares of SSP Group in a report on Monday, August 17th.

Insider Buying and Selling

In other SSP Group news, insider Patrick Coveney sold 91,027 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total transaction of £176,592.38. 1.12% of the stock is owned by company insiders.

SSP Group Stock Down 0.1%

Shares of SSPG stock opened at GBX 179 on Thursday. SSP Group has a 1-year low of GBX 137.30 and a 1-year high of GBX 219.40. The stock’s fifty day moving average price is GBX 193.76 and its 200 day moving average price is GBX 184.95. The company has a debt-to-equity ratio of 36,503.12, a current ratio of 0.37 and a quick ratio of 0.66. The company has a market cap of £1.34 billion, a price-to-earnings ratio of -49.72, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91.

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).