SSP Group PLC (SSPG) Stock Rating Reaffirmed by Canaccord Genuity
SSP Group PLC (LON:SSPG)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a GBX 360 ($4.47) target price on the stock. Canaccord Genuity’s price target suggests a potential downside of 2.68% from the company’s previous close.
SSPG has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their target price on SSP Group PLC from GBX 358 ($4.44) to GBX 366 ($4.54) and gave the company an “overweight” rating in a report on Wednesday, September 14th. Panmure Gordon boosted their target price on SSP Group PLC from GBX 350 ($4.34) to GBX 380 ($4.71) and gave the company a “buy” rating in a report on Thursday, September 15th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 390 ($4.84) target price on shares of SSP Group PLC in a report on Wednesday, November 23rd. Finally, Barclays PLC boosted their target price on SSP Group PLC from GBX 280 ($3.47) to GBX 310 ($3.85) and gave the company an “equal weight” rating in a report on Thursday, November 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock 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 firm 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 one year low of GBX 260.40 and a one year high of GBX 376.20. The stock’s market cap is GBX 1.76 billion.
The company also recently announced a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd will be given a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 0.78%. This is an increase from SSP Group PLC’s previous dividend of $2.50. The ex-dividend date is Thursday, March 2nd.
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SSP Group PLC Company Profile
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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