SSP Group PLC (SSPG) Price Target Raised to GBX 530 at Morgan Stanley
SSP Group PLC (LON:SSPG) had its price target raised by Morgan Stanley from GBX 480 ($6.31) to GBX 530 ($6.97) in a research report sent to investors on Thursday. Morgan Stanley currently has an underweight rating on the stock.
A number of other research analysts have also recently issued reports on SSPG. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 415 ($5.46) target price on shares of SSP Group PLC in a report on Friday, September 29th. Numis Securities Ltd reaffirmed an add rating and issued a GBX 670 ($8.81) target price on shares of SSP Group PLC in a report on Wednesday. Barclays PLC reaffirmed an overweight rating and issued a GBX 650 ($8.55) target price on shares of SSP Group PLC in a report on Thursday. Liberum Capital reissued a buy rating and set a GBX 600 ($7.89) price objective on shares of SSP Group PLC in a research note on Friday, November 17th. Finally, Panmure Gordon reissued a hold rating and set a GBX 500 ($6.58) price objective on shares of SSP Group PLC in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 519.38 ($6.83).
Shares of SSP Group PLC (LON:SSPG) traded up GBX 3.50 ($0.05) during trading on Thursday, reaching GBX 649 ($8.54). 739,043 shares of the company’s stock were exchanged, compared to its average volume of 814,088. SSP Group PLC has a 12 month low of GBX 335.50 ($4.41) and a 12 month high of GBX 672.45 ($8.84).
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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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