SSP Group (LON:SSPG) Receives Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of SSP Group (LON:SSPG – Get Rating) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 350 ($4.35) price target on the stock.

Several other equities analysts have also commented on the company. Royal Bank of Canada started coverage on SSP Group in a report on Wednesday, February 1st. They set an outperform rating for the company. Numis Securities reaffirmed an add rating and set a GBX 290 ($3.61) target price on shares of SSP Group in a report on Thursday, February 16th. Jefferies Financial Group reissued a buy rating and set a GBX 325 ($4.04) price target on shares of SSP Group in a report on Tuesday, January 24th. Finally, Shore Capital reissued a house stock rating on shares of SSP Group in a report on Friday, May 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of GBX 303.57 ($3.78).

SSP Group Stock Up 3.1 %

Shares of LON:SSPG opened at GBX 272.40 ($3.39) on Tuesday. The stock has a market capitalization of £2.17 billion, a price-to-earnings ratio of -27,245.70, a price-to-earnings-growth ratio of -0.77 and a beta of 1.71. SSP Group has a 1-year low of GBX 181.45 ($2.26) and a 1-year high of GBX 283.80 ($3.53). The company’s fifty day moving average is GBX 251.61 and its two-hundred day moving average is GBX 245.13. The company has a debt-to-equity ratio of 544.85, a quick ratio of 0.66 and a current ratio of 0.69.

Insider Buying and Selling

In other news, insider Patrick Coveney sold 19,545 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of GBX 247 ($3.07), for a total transaction of £48,276.15 ($60,044.96). Over the last ninety days, insiders acquired 146 shares of company stock worth $37,466. Corporate insiders own 0.55% of the company’s stock.

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.