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

SSP Group plc (LON:SSPG) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 719.50.

Several analysts recently weighed in on the company. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research note on Tuesday, May 19th. Berenberg Bank reissued a “buy” rating and issued a GBX 230 price objective on shares of SSP Group in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price target on shares of SSP Group in a research report on Wednesday, May 20th. Citigroup cut 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. 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 Up 2.2%

Shares of SSP Group stock traded up GBX 4.30 during midday trading on Tuesday, reaching GBX 196.50. 2,818,386 shares of the company’s stock traded hands, compared to its average volume of 10,319,420. The company has a market cap of £1.51 billion, a price-to-earnings ratio of -54.58, a price-to-earnings-growth ratio of -0.77 and a beta of 0.93. The company’s 50 day simple moving average is GBX 171.28 and its 200 day simple moving average is GBX 183.86. 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. SSP Group has a 52 week low of GBX 137.30 and a 52 week high of GBX 212.20.

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