Brokerages Set SSP Group PLC (SSPG) Target Price at $518.50
SSP Group PLC (LON:SSPG) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 518.50 ($6.94).
Several analysts have recently issued reports on SSPG shares. Liberum Capital restated a “buy” rating and issued a GBX 600 ($8.04) price objective on shares of SSP Group in a research report on Wednesday, August 30th. Morgan Stanley downgraded SSP Group to an “underweight” rating and upped their price objective for the company from GBX 450 ($6.03) to GBX 480 ($6.43) in a research report on Tuesday, September 5th. Citigroup restated a “neutral” rating on shares of SSP Group in a research report on Tuesday, September 12th. downgraded SSP Group to a “hold” rating and set a GBX 540 ($7.23) price objective on the stock. in a research report on Wednesday, September 27th. Finally, Shore Capital restated a “buy” rating on shares of SSP Group in a research report on Thursday, September 28th.
Shares of SSP Group (LON SSPG) traded up GBX 3.76 ($0.05) during trading hours on Monday, hitting GBX 649.26 ($8.70). The stock had a trading volume of 912,914 shares, compared to its average volume of 950,083. SSP Group has a twelve month low of GBX 356.26 ($4.77) and a twelve month high of GBX 672.45 ($9.01).
The firm also recently announced a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of GBX 4.90 ($0.07) per share. The ex-dividend date is Thursday, March 15th. This is an increase from SSP Group’s previous dividend of $3.20. This represents a yield of 0.76%.
About SSP Group
SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).
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