SSP Group (LON:SSPG) Stock Price Crosses Above 50-Day Moving Average of $226.91

SSP Group plc (LON:SSPGGet Rating)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 226.91 ($2.77) and traded as high as GBX 257.50 ($3.14). SSP Group shares last traded at GBX 254.80 ($3.11), with a volume of 1,050,782 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SSPG. Barclays reaffirmed an “overweight” rating and issued a GBX 290 ($3.54) price objective on shares of SSP Group in a research note on Wednesday, December 7th. JPMorgan Chase & Co. lowered their price objective on SSP Group from GBX 340 ($4.15) to GBX 320 ($3.90) and set an “overweight” rating for the company in a research note on Wednesday, September 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 250 ($3.05) price objective on shares of SSP Group in a research note on Thursday, December 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 ($3.66) price objective on shares of SSP Group in a research note on Monday, December 12th. Finally, Shore Capital reissued a “house stock” rating on shares of SSP Group in a research note on Thursday, December 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SSP Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 302 ($3.69).

SSP Group Trading Up 1.3 %

The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 544.86. The stock has a 50-day simple moving average of GBX 226.91 and a two-hundred day simple moving average of GBX 223.98. The firm has a market capitalization of £2.03 billion and a P/E ratio of -16.33.

SSP Group Company Profile

(Get Rating)

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.

Further Reading

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