SSP Group plc (LON:SSPG) Receives GBX 244.50 Average PT from Brokerages

SSP Group plc (LON:SSPG) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 244.50.

Several equities analysts have issued reports on SSPG shares. UBS Group reiterated a “neutral” rating and issued a GBX 180 price objective on shares of SSP Group in a research report on Friday, January 16th. JPMorgan Chase & Co. lowered their target price on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a research note on Friday, December 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 price target on shares of SSP Group in a report on Monday, January 19th. Citigroup reduced their price target on shares of SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research report on Monday, January 19th.

Insider Buying and Selling at SSP Group

In other news, insider Geert Verellen bought 41,006 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of GBX 181 per share, for a total transaction of £74,220.86. Also, insider Karina Deacon purchased 18,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were purchased at an average cost of GBX 171 per share, for a total transaction of £30,780. Insiders purchased 227,675 shares of company stock valued at $38,884,478 over the last three months. Insiders own 1.01% of the company’s stock.

SSP Group Price Performance

LON:SSPG opened at GBX 200.80 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. The firm has a market cap of £1.58 billion, a PE ratio of -21.59, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. SSP Group has a 12 month low of GBX 134.10 and a 12 month high of GBX 212.20. The company’s 50-day moving average price is GBX 193.56 and its two-hundred day moving average price is GBX 170.48.

SSP Group (LON:SSPG) last posted its earnings results on Thursday, December 4th. The company reported GBX 11 earnings per share (EPS) for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. On average, equities analysts anticipate that SSP Group will post 13.1004016 EPS for the current fiscal year.

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).