SSP Group (LON:SSPG) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

SSP Group plc (LON:SSPG)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 186.30 and traded as high as GBX 187.90. SSP Group shares last traded at GBX 186.39, with a volume of 3,708,448 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on SSPG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a research note on Monday, August 17th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. Finally, Berenberg Bank reduced their target price on SSP Group from GBX 245 to GBX 225 and set a “buy” rating for the company in a report on Monday, October 12th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 807.40.

SSP Group Stock Up 1.6%

The business’s fifty day moving average price is GBX 186.30 and its 200 day moving average price is GBX 185.51. The firm has a market capitalization of £1.42 billion, a price-to-earnings ratio of -52.86, a PEG ratio of -0.77 and a beta of 0.91. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12.

Insider Transactions at SSP Group

In other SSP Group news, insider Patrick Coveney sold 91,027 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total transaction of £176,592.38. Insiders own 1.13% of the company’s stock.

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).