SSP Group plc (LON:SSPG) Receives Average Rating of “Moderate Buy” from Brokerages

SSP Group plc (LON:SSPG) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 719.50.

A number of brokerages recently weighed in on SSPG. Citigroup lowered their price objective on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating for the company in a research report on Monday, June 8th. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 target price on shares of SSP Group in a research note on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 230 price target on shares of SSP Group in a report on Thursday, May 21st. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 180 target price on shares of SSP Group in a research note on Monday, May 18th.

SSP Group Stock Performance

SSP Group stock opened at GBX 200.60 on Friday. The company has a debt-to-equity ratio of 36,503.12, a current ratio of 0.37 and a quick ratio of 0.66. SSP Group has a 12 month low of GBX 137.30 and a 12 month high of GBX 212.20. The company has a fifty day moving average price of GBX 183.08 and a two-hundred day moving average price of GBX 182.52. The company has a market cap of £1.54 billion, a PE ratio of -55.72, a P/E/G ratio of -0.77 and a beta of 0.91.

SSP Group (LON:SSPG) last issued its earnings results on Tuesday, May 19th. The company reported GBX (2) earnings per share for the quarter. SSP Group had a negative return on equity of 65.76% and a negative net margin of 0.78%.The business had revenue of GBX 176.34 billion for the quarter. Research analysts expect that SSP Group will post 13.1004016 earnings per share for the current year.

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).