SSP Group (LON:SSPG) Upgraded at Kepler Capital Markets
Kepler Capital Markets upgraded shares of SSP Group (LON:SSPG) to a buy rating in a research note issued to investors on Monday, Stock Target Advisor reports. Kepler Capital Markets currently has GBX 400 ($5.26) price target on the stock, down from their previous price target of GBX 650 ($8.55).
A number of other research analysts have also recently commented on the company. Shore Capital restated a buy rating on shares of SSP Group in a research note on Wednesday, February 26th. Goldman Sachs Group lifted their price objective on SSP Group from GBX 595 ($7.83) to GBX 630 ($8.29) and gave the company a sell rating in a research note on Monday, February 10th. Morgan Stanley upgraded SSP Group to an overweight rating in a research note on Wednesday, December 11th. Barclays lowered their price objective on SSP Group from GBX 735 ($9.67) to GBX 670 ($8.81) and set an overweight rating for the company in a research note on Thursday, February 27th. Finally, Liberum Capital lowered their price objective on SSP Group from GBX 780 ($10.26) to GBX 700 ($9.21) and set a buy rating for the company in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 652.78 ($8.59).
SSPG opened at GBX 285.50 ($3.76) on Monday. The stock has a market cap of $1.30 billion and a PE ratio of 10.31. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 173.56. The business has a 50 day moving average of GBX 501.75 and a 200-day moving average of GBX 616.63. SSP Group has a 52 week low of GBX 136.80 ($1.80) and a 52 week high of GBX 751.07 ($9.88).
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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