SSP Group’s (SSPG) House Stock Rating Reiterated at Shore Capital

Shore Capital restated their house stock rating on shares of SSP Group (LON:SSPG) in a research report released on Monday morning, Marketbeat reports.

A number of other equities research analysts have also commented on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 190 price target on shares of SSP Group in a report on Tuesday, October 14th. Peel Hunt restated a “buy” rating and issued a GBX 275 price objective on shares of SSP Group in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of SSP Group from GBX 285 to GBX 262 and set a “buy” rating for the company in a research note on Thursday, September 25th. Citigroup raised their target price on SSP Group from GBX 310 to GBX 350 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. reduced their price target on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating on the stock in a report on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, SSP Group has an average rating of “Moderate Buy” and a consensus target price of GBX 244.50.

SSP Group Trading Down 0.9%

LON SSPG opened at GBX 190.20 on Monday. The firm has a market cap of £1.51 billion, a PE ratio of -20.45, a price-to-earnings-growth 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 212.20. The stock has a 50-day moving average of GBX 180.42 and a 200-day moving average of GBX 169.02. 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 (LON:SSPG) last announced its quarterly earnings results on Thursday, December 4th. The company reported GBX 11 EPS for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. As a group, sell-side analysts forecast that SSP Group will post 13.1004016 EPS for the current year.

SSP Group announced that its board has approved a stock buyback program on Thursday, October 9th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other SSP Group news, insider Patrick Coveney sold 136,379 shares of SSP Group stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of GBX 174, for a total transaction of £237,299.46. Also, insider Apurvi Sheth acquired 4,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of GBX 165 per share, for a total transaction of £6,600. In the last three months, insiders have purchased 227,675 shares of company stock worth $38,884,478. 1.01% of the stock is owned by company insiders.

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. 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).