SSP Group plc (LON:SSPG – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 186.30 and traded as high as GBX 187.90. SSP Group shares last traded at GBX 186.39, with a volume of 3,708,448 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Shore Capital Group reaffirmed a “house stock” rating on shares of SSP Group in a research note on Tuesday, July 28th. Deutsche Bank reiterated a “buy” rating and set a GBX 262 target price on shares of SSP Group in a research report on Monday, August 17th. Finally, Berenberg Bank lowered their target price on SSP Group from GBX 245 to GBX 225 and set a “buy” rating for the company in a research report on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 807.40.
Read Our Latest Analysis on SSPG
SSP Group Stock Performance
The business’s fifty day moving average price is GBX 186 and its two-hundred day moving average price is GBX 185.48. The company has a debt-to-equity ratio of 36,503.12, a quick ratio of 0.66 and a current ratio of 0.37. The stock has a market capitalization of £1.44 billion, a P/E ratio of -53.58, a P/E/G ratio of -0.77 and a beta of 0.91.
Insider Buying and Selling
In related news, insider Patrick Coveney sold 91,027 shares of SSP Group stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of GBX 194, for a total value of £176,592.38. Corporate insiders own 1.13% of the company’s stock.
About SSP Group
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. These include our own brands (such as UrbanCrave, which brought the first “street eats” concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).
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