Panmure Gordon Reiterates Buy Rating for SSP Group PLC (SSPG)
SSP Group PLC (LON:SSPG)‘s stock had its “buy” rating restated by equities researchers at Panmure Gordon in a note issued to investors on Tuesday. They currently have a GBX 380 ($4.71) target price on the stock. Panmure Gordon’s price objective indicates a potential upside of 2.73% from the stock’s previous close.
Several other analysts also recently issued reports on SSPG. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 358 ($4.44) price objective on shares of SSP Group PLC in a research report on Monday, August 1st. Numis Securities Ltd assumed coverage on SSP Group PLC in a research report on Monday, October 10th. They set a “buy” rating and a GBX 390 ($4.84) target price on the stock. Canaccord Genuity increased their target price on SSP Group PLC from GBX 340 ($4.22) to GBX 360 ($4.47) and gave the stock a “hold” rating in a research report on Tuesday, November 8th. Finally, Barclays PLC increased their target price on SSP Group PLC from GBX 280 ($3.47) to GBX 310 ($3.85) and gave the stock an “equal weight” rating in a research report on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. SSP Group PLC currently has an average rating of “Buy” and an average price target of GBX 359.38 ($4.46).
SSP Group PLC (LON:SSPG) opened at 369.90 on Tuesday. The stock has a 50 day moving average price of GBX 334.99 and a 200 day moving average price of GBX 319.57. SSP Group PLC has a 52 week low of GBX 260.40 and a 52 week high of GBX 376.20. The stock’s market cap is GBX 1.76 billion.
The company also recently declared a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd will be paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date of this dividend is Thursday, March 2nd. This is a positive change from SSP Group PLC’s previous dividend of $2.50. This represents a yield of 0.78%.
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About SSP Group PLC
SSP Group plc is a United Kingdom-based operator of food and beverage outlets. The Company operates a range of outlets from quick service to fine dining. The Company provides a range of food and beverage products to a variety of customers in the travel environment. Its clients include owners and operators of airports and railway stations.
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