SSP Group (LON:SSPG) Shares Cross Below Fifty Day Moving Average of $694.30
Shares of SSP Group PLC (LON:SSPG) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $694.30 and traded as low as $705.00. SSP Group shares last traded at $708.00, with a volume of 321,612 shares trading hands.
A number of research analysts have commented on SSPG shares. HSBC reaffirmed a “hold” rating on shares of SSP Group in a research report on Monday, July 15th. Liberum Capital reaffirmed a “buy” rating on shares of SSP Group in a research report on Friday, July 19th. UBS Group reaffirmed a “neutral” rating and issued a GBX 715 ($9.34) price target (up previously from GBX 685 ($8.95)) on shares of SSP Group in a research report on Wednesday, May 22nd. Shore Capital reaffirmed a “buy” rating on shares of SSP Group in a research report on Friday, July 19th. Finally, Morgan Stanley raised SSP Group to an “equal weight” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 696.88 ($9.11).
The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 130.95. The firm has a market cap of $3.15 billion and a price-to-earnings ratio of 27.23. The firm has a 50-day moving average of GBX 694.64 and a two-hundred day moving average of GBX 686.74.
SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.
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