SSP Group (LON:SSPG) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of SSP Group plc (LON:SSPG) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 176.11 and traded as high as GBX 189. SSP Group shares last traded at GBX 185.20, with a volume of 980,942 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on SSPG. Citigroup lowered their price target on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating on the stock in a report on Monday, June 8th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research note on Tuesday, May 19th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 target price on shares of SSP Group in a report on Thursday, May 21st. UBS Group reaffirmed a “neutral” rating and set a GBX 180 target price on shares of SSP Group in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 262 price target on shares of SSP Group in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 719.50.

SSP Group Stock Down 1.4%

The firm has a market cap of £1.42 billion, a PE ratio of -51.44, a PEG ratio of -0.77 and a beta of 0.91. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12. The firm has a 50 day moving average price of GBX 176.11 and a 200-day moving average price of GBX 183.04.

SSP Group (LON:SSPG) last posted its earnings results on Tuesday, May 19th. The company reported GBX (2) earnings per share for the quarter. The business had revenue of GBX 176.34 billion for the quarter. SSP Group had a negative return on equity of 65.76% and a negative net margin of 0.78%. Research analysts forecast that SSP Group plc will post 13.1004016 EPS for the current fiscal year.

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).