Analysts Set SSP Group plc (LON:SSPG) PT at GBX 721.17

Shares of SSP Group plc (LON:SSPG) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 721.17.

A number of equities analysts have recently commented on SSPG shares. Berenberg Bank boosted their price objective on SSP Group from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 262 price objective on shares of SSP Group in a report on Monday, August 17th. Finally, Citigroup reduced their target price on SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating on the stock in a research note on Monday, June 8th.

SSP Group Stock Down 1.3%

LON:SSPG opened at GBX 181.40 on Friday. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of -50.39, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. The company has a quick ratio of 0.66, a current ratio of 0.37 and a debt-to-equity ratio of 36,503.12. The stock’s fifty day moving average is GBX 197.21 and its two-hundred day moving average is GBX 184.34. SSP Group has a 52 week low of GBX 137.30 and a 52 week high of GBX 219.40.

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).