Deutsche Bank Aktiengesellschaft Has Lowered Expectations for SSP Group (LON:SSPG) Stock Price

SSP Group (LON:SSPG) had its price objective lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 285 to GBX 262 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 56.70% from the stock’s current price.

SSPG has been the topic of several other reports. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 29th. Berenberg Bank raised SSP Group to a “buy” rating and boosted their target price for the stock from GBX 180 to GBX 190 in a report on Thursday, September 11th. JPMorgan Chase & Co. cut their price target on SSP Group from GBX 200 to GBX 190 and set a “neutral” rating for the company in a report on Thursday, August 7th. UBS Group cut shares of SSP Group to a “sell” rating and set a GBX 170 price objective for the company. in a research report on Friday, July 11th. Finally, Citigroup increased their price objective on shares of SSP Group from GBX 320 to GBX 330 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 228.40.

SSP Group Stock Up 7.1%

Shares of SSPG stock opened at GBX 167.20 on Thursday. The company has a market capitalization of £1.34 billion, a price-to-earnings ratio of -5,573.33, a P/E/G ratio of -0.77 and a beta of 1.88. The firm has a fifty day moving average of GBX 162.27 and a 200-day moving average of GBX 160.77. SSP Group has a 12-month low of GBX 134.10 and a 12-month high of GBX 196.30. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29.

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.