Shares of SSP Group plc (LON:SSPG – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 196.93 and traded as high as GBX 206.40. SSP Group shares last traded at GBX 203.16, with a volume of 980,133 shares.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on SSPG. Berenberg Bank boosted their target price on shares of SSP Group from GBX 230 to GBX 240 and gave the company a “buy” rating in a report on Tuesday, August 4th. Citigroup lowered 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price target on shares of SSP Group in a report on Monday, August 17th. Shore Capital Group reaffirmed a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 180 target price on shares of SSP Group in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, SSP Group presently has an average rating of “Moderate Buy” and an average price target of GBX 721.17.
Check Out Our Latest Stock Report on SSP Group
SSP Group Price 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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