Deutsche Bank Reaffirms Equal Weight Rating for SSP Group (SSPG)
Several other equities research analysts have also issued reports on SSPG. Liberum Capital restated a buy rating and issued a GBX 675 ($9.16) target price on shares of SSP Group in a report on Tuesday, January 23rd. Shore Capital restated a buy rating on shares of SSP Group in a report on Tuesday, January 23rd. Numis Securities restated an add rating and issued a GBX 710 ($9.63) target price on shares of SSP Group in a report on Wednesday, January 24th. Goldman Sachs downgraded shares of SSP Group to a sell rating and raised their price target for the stock from GBX 535 ($7.26) to GBX 575 ($7.80) in a research note on Wednesday, January 31st. Finally, HSBC raised their price target on shares of SSP Group from GBX 540 ($7.33) to GBX 610 ($8.27) and gave the stock a hold rating in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 594.42 ($8.06).
SSP Group opened at GBX 634.70 ($8.61) on Monday, Marketbeat.com reports. SSP Group has a 12-month low of GBX 402.60 ($5.46) and a 12-month high of GBX 693 ($9.40).
In related news, insider Jonathan Davies sold 118,998 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of GBX 600 ($8.14), for a total value of £713,988 ($968,513.29).
SSP Group Company Profile
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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