SSP Group’s (SSPG) “Buy” Rating Reaffirmed at Shore Capital
Shore Capital reaffirmed their buy rating on shares of SSP Group (LON:SSPG) in a research report report published on Tuesday, Digital Look reports.
Other research analysts have also issued research reports about the stock. Morgan Stanley raised shares of SSP Group to an equal weight rating in a research note on Monday, July 15th. Canaccord Genuity lowered their target price on shares of SSP Group from GBX 710 ($9.28) to GBX 680 ($8.89) and set a hold rating for the company in a research note on Monday, September 30th. Barclays reissued an overweight rating on shares of SSP Group in a research note on Thursday, October 10th. Liberum Capital reissued a buy rating on shares of SSP Group in a research note on Thursday, September 26th. Finally, UBS Group reissued a neutral rating and issued a GBX 695 ($9.08) price objective (down previously from GBX 715 ($9.34)) on shares of SSP Group in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 706.43 ($9.23).
SSPG stock traded up GBX 9 ($0.12) during mid-day trading on Tuesday, hitting GBX 659 ($8.61). 551,831 shares of the company were exchanged, compared to its average volume of 1,080,000. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 130.95. The firm has a market capitalization of $2.93 billion and a P/E ratio of 25.35. The business has a fifty day simple moving average of GBX 636.74 and a 200-day simple moving average of GBX 674.85. SSP Group has a 12-month low of GBX 602 ($7.87) and a 12-month high of GBX 751.07 ($9.81).
SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.
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