SSP Group plc (LON:SSPG – Get Rating)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 205.77 ($2.43) and traded as high as GBX 219.10 ($2.59). SSP Group shares last traded at GBX 216.50 ($2.56), with a volume of 545,350 shares traded.
Wall Street Analyst Weigh In
Several brokerages have issued reports on SSPG. Deutsche Bank Aktiengesellschaft cut their price objective on shares of SSP Group from GBX 265 ($3.13) to GBX 250 ($2.96) and set a “hold” rating for the company in a research report on Wednesday, September 28th. JPMorgan Chase & Co. cut their price objective on shares of SSP Group from GBX 340 ($4.02) to GBX 320 ($3.78) and set an “overweight” rating for the company in a research report on Wednesday, September 28th. Barclays restated an “overweight” rating and set a GBX 290 ($3.43) price objective on shares of SSP Group in a research report on Wednesday, September 28th. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 ($3.55) price target on shares of SSP Group in a research report on Friday, August 5th. Finally, Shore Capital reiterated a “buy” rating on shares of SSP Group in a research report on Friday, November 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, SSP Group currently has an average rating of “Moderate Buy” and an average target price of GBX 315 ($3.72).
SSP Group Trading Down 0.4 %
The business’s 50 day simple moving average is GBX 205.77 and its two-hundred day simple moving average is GBX 227.44. The stock has a market cap of £1.72 billion and a P/E ratio of -13.88. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 558.60.
About SSP Group
SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 36 countries in the United Kingdom, Europe, North America, and internationally. SSP Group plc was incorporated in 2006 and is headquartered in London, the United Kingdom.
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