SSP Group PLC (SSPG) Given Add Rating at Numis Securities Ltd
Numis Securities Ltd reaffirmed their add rating on shares of SSP Group PLC (LON:SSPG) in a research note issued to investors on Friday morning. They currently have a GBX 560 ($7.53) target price on the stock.
SSPG has been the subject of several other reports. Morgan Stanley lowered shares of SSP Group PLC to an underweight rating and upped their price target for the company from GBX 450 ($6.05) to GBX 480 ($6.46) in a research report on Tuesday, September 5th. Liberum Capital restated a buy rating and set a GBX 600 ($8.07) price target on shares of SSP Group PLC in a research report on Wednesday, August 30th. Citigroup Inc. restated a neutral rating on shares of SSP Group PLC in a research report on Tuesday, September 12th. HSBC Holdings plc started coverage on shares of SSP Group PLC in a research report on Wednesday, June 21st. They set a buy rating and a GBX 540 ($7.26) price target for the company. Finally, Canaccord Genuity restated a sell rating and set a GBX 410 ($5.51) price target on shares of SSP Group PLC in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 483.62 ($6.50).
Shares of SSP Group PLC (LON:SSPG) traded up 1.61% on Friday, reaching GBX 537.50. The company’s stock had a trading volume of 1,482,909 shares. SSP Group PLC has a 12 month low of GBX 314.80 and a 12 month high of GBX 563.50. The stock has a 50 day moving average of GBX 530.80 and a 200-day moving average of GBX 477.34. The firm’s market cap is GBX 2.55 billion.
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About SSP Group PLC
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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