SSP Group (LON:SSPG) Price Target Cut to GBX 225 by Analysts at Berenberg Bank

SSP Group (LON:SSPG – Free Report) had its price objective decreased by Berenberg Bank from GBX 245 to GBX 225 in a research report sent to investors on Monday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price target on shares of SSP Group in a research note on Monday, August 17th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 807.40.

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SSP Group Price Performance

SSPG stock opened at GBX 176.30 on Monday. The firm has a 50 day moving average price of GBX 195.11 and a 200-day moving average price of GBX 184.98. SSP Group has a 52-week low of GBX 137.30 and a 52-week high of GBX 219.40. The firm has a market capitalization of £1.32 billion, a price-to-earnings ratio of -48.97, a PEG ratio of -0.77 and a beta of 0.91. The company has a debt-to-equity ratio of 36,503.12, a quick ratio of 0.66 and a current ratio of 0.37.

Insider Transactions at SSP Group

In related news, insider Patrick Coveney sold 91,027 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total transaction of £176,592.38. 1.12% of the stock is currently owned by insiders.

About SSP Group

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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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