Liberum Capital Reaffirms “Buy” Rating for SSP Group (SSPG)
SSPG has been the topic of a number of other reports. Numis Securities reiterated an add rating and issued a GBX 670 ($9.09) price objective on shares of SSP Group in a research report on Wednesday, November 29th. Panmure Gordon reiterated a hold rating and issued a GBX 500 ($6.78) price objective on shares of SSP Group in a research report on Thursday, October 5th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 415 ($5.63) price objective on shares of SSP Group in a research report on Friday, September 29th. Barclays reiterated an overweight rating and issued a GBX 650 ($8.81) price objective on shares of SSP Group in a research report on Thursday, November 23rd. Finally, lowered SSP Group to a hold rating and set a GBX 540 ($7.32) price objective on the stock. in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 564 ($7.65).
Shares of SSP Group (LON:SSPG) opened at GBX 623 ($8.45) on Tuesday. SSP Group has a twelve month low of GBX 389.20 ($5.28) and a twelve month high of GBX 693 ($9.40). The firm has a market capitalization of $2,960.00 and a price-to-earnings ratio of 3,278.95.
In related news, insider Per Utnegaard purchased 7,100 shares of SSP Group stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average cost of GBX 676 ($9.17) per share, for a total transaction of £47,996 ($65,088.15). Insiders bought a total of 7,140 shares of company stock worth $4,824,485 over the last 90 days.
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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