SSP Group (LON:SSPG) Shares Pass Below 200 Day Moving Average – Here’s Why

SSP Group plc (LON:SSPG)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 179.31 and traded as low as GBX 159.70. SSP Group shares last traded at GBX 160.76, with a volume of 327,962,656 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SSPG shares. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research report on Monday, January 19th. Berenberg Bank restated a “buy” rating and issued a GBX 230 price target on shares of SSP Group in a research report on Monday, January 19th. UBS Group reaffirmed a “neutral” rating and issued a GBX 180 price objective on shares of SSP Group in a research note on Friday, January 16th. Finally, Citigroup lowered their price objective on SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, SSP Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 244.50.

SSP Group Price Performance

The firm has a 50 day moving average of GBX 181.75 and a 200-day moving average of GBX 179.31. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 2,629.60. The company has a market cap of £1.25 billion, a P/E ratio of -17.33, a P/E/G ratio of -0.77 and a beta of 0.90.

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).