SSP Group plc (LON:SSPG – Get Free Report) has earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 807.40.
A number of research analysts recently weighed in on SSPG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 262 price target on shares of SSP Group in a research note on Monday, August 17th. Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 28th. Finally, Berenberg Bank decreased their price objective on SSP Group from GBX 245 to GBX 225 and set a “buy” rating for the company in a report on Monday, October 12th.
Check Out Our Latest Stock Report on SSPG
SSP Group Price Performance
Shares of LON SSPG opened at GBX 191.60 on Monday. The firm has a market capitalization of £1.44 billion, a P/E ratio of -53.22, a P/E/G ratio of -0.77 and a beta of 0.91. The firm’s 50-day moving average price is GBX 187.16 and its 200-day moving average price is GBX 185.57. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12. SSP Group has a 1-year low of GBX 137.30 and a 1-year high of GBX 219.40.
Insider Activity
In other SSP Group news, insider Patrick Coveney sold 91,027 shares of the business’s stock in a transaction on 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 corporate insiders.
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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