Brokerages Set SSP Group plc (LON:SSPG) Target Price at GBX 232.83

SSP Group plc (LON:SSPG) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 232.83.

SSPG has been the topic of a number of recent research reports. Berenberg Bank reissued a “buy” rating and set a GBX 190 target price on shares of SSP Group in a research report on Tuesday, October 14th. Peel Hunt reissued a “buy” rating and issued a GBX 275 price target on shares of SSP Group in a research report on Friday, October 10th. Citigroup reaffirmed a “buy” rating and set a GBX 310 price objective (down from GBX 330) on shares of SSP Group in a report on Monday, October 13th. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research note on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on SSP Group from GBX 285 to GBX 262 and set a “buy” rating for the company in a report on Thursday, September 25th.

Insider Transactions at SSP Group

In other SSP Group news, insider Patrick Coveney sold 69,007 shares of SSP Group stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of GBX 173, for a total transaction of £119,382.11. 1.00% of the stock is owned by corporate insiders.

SSP Group Trading Down 1.7%

Shares of SSP Group stock opened at GBX 143.80 on Friday. The company has a market cap of £1.15 billion, a price-to-earnings ratio of -47.93, a PEG ratio of -0.77 and a beta of 1.88. SSP Group has a 1 year low of GBX 134.10 and a 1 year high of GBX 196.30. The company’s fifty day simple moving average is GBX 158.12 and its 200-day simple moving average is GBX 163.68. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29.

SSP Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

SSP Group Company Profile

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.