Analysts Set SSP Group plc (LON:SSPG) Price Target at GBX 316.43

SSP Group plc (LON:SSPG) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 316.43 ($3.92).

SSPG has been the subject of several analyst reports. Shore Capital restated a “house stock” rating on shares of SSP Group in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of SSP Group from GBX 325 ($4.03) to GBX 340 ($4.21) and gave the company a “buy” rating in a research note on Wednesday, June 7th. Peel Hunt reiterated a “buy” rating and issued a GBX 350 ($4.34) price objective on shares of SSP Group in a research note on Tuesday, May 23rd. Finally, Barclays reiterated an “overweight” rating and issued a GBX 290 ($3.59) price objective on shares of SSP Group in a research note on Thursday, June 15th.

SSP Group Stock Up 0.8 %

SSP Group stock opened at GBX 240.40 ($2.98) on Tuesday. The company has a debt-to-equity ratio of 541.40, a quick ratio of 0.66 and a current ratio of 0.56. SSP Group has a 52-week low of GBX 181.45 ($2.25) and a 52-week high of GBX 283.20 ($3.51). The firm has a 50 day moving average price of GBX 240.73 and a two-hundred day moving average price of GBX 250.29. The firm has a market cap of £1.91 billion, a price-to-earnings ratio of 11,930.00, a PEG ratio of -0.77 and a beta of 1.63.

Insider Buying and Selling at SSP Group

In other SSP Group news, insider Mike Clasper acquired 59,500 shares of the company’s stock in a transaction on Monday, September 4th. The shares were acquired at an average cost of GBX 233 ($2.89) per share, with a total value of £138,635 ($171,726.74). Insiders have acquired a total of 59,580 shares of company stock valued at $13,882,468 over the last three months. 0.54% of the stock is currently owned by insiders.

About SSP Group

SSP Group plc operates food and beverage outlets in the United kingdom and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 35 countries. SSP Group plc was founded in 1961 and is headquartered in London, the United Kingdom.