SSP Group PLC (LON:SSPG) Coverage Initiated at HSBC Holdings plc
Investment analysts at HSBC Holdings plc initiated coverage on shares of SSP Group PLC (LON:SSPG) in a research report issued to clients and investors on Wednesday, June 21st. The brokerage set a “buy” rating and a GBX 540 ($6.99) price target on the stock. HSBC Holdings plc’s price target would suggest a potential upside of 9.98% from the company’s previous close.
SSPG has been the topic of several other research reports. Kepler Capital Markets lifted their price objective on shares of SSP Group PLC from GBX 404 ($5.23) to GBX 440 ($5.70) and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Panmure Gordon cut shares of SSP Group PLC to a “hold” rating and set a GBX 400 ($5.18) price objective on the stock. in a research note on Friday, April 21st. Morgan Stanley lifted their price objective on shares of SSP Group PLC from GBX 360 ($4.66) to GBX 450 ($5.83) and gave the stock an “equal weight” rating in a research note on Friday, May 19th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 510 ($6.61) target price on shares of SSP Group PLC in a report on Tuesday, May 23rd. Finally, Deutsche Bank AG initiated coverage on shares of SSP Group PLC in a report on Wednesday, April 26th. They issued a “hold” rating and a GBX 440 ($5.70) target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 450.31 ($5.83).
Shares of SSP Group PLC (LON SSPG) traded down 0.95% during trading on Wednesday, hitting GBX 491.00. The stock had a trading volume of 673,780 shares. The stock’s 50 day moving average price is GBX 480.10 and its 200-day moving average price is GBX 428.18. SSP Group PLC has a one year low of GBX 291.70 and a one year high of GBX 524.50. The stock’s market cap is GBX 2.33 billion.
The firm also recently disclosed a dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 1st were given a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 0.68%. The ex-dividend date of this dividend was Thursday, June 1st. This is a positive change from SSP Group PLC’s previous dividend of $2.90.
SSP Group PLC Company Profile
SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).
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