SSP Group plc (LON:SSPG – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 185.08 and traded as low as GBX 182.80. SSP Group shares last traded at GBX 186, with a volume of 8,628,282 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SSPG. Berenberg Bank raised their price objective on SSP Group from GBX 230 to GBX 240 and gave the company a “buy” rating in a research report on Tuesday, August 4th. UBS Group reaffirmed a “neutral” rating and issued a GBX 180 price target on shares of SSP Group in a research report on Monday, May 18th. Citigroup reduced their price objective on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating for the company in a research note on Monday, June 8th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, SSP Group has an average rating of “Moderate Buy” and a consensus price target of GBX 721.17.
View Our Latest Stock Analysis on SSP Group
SSP Group Stock Performance
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).
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