Citigroup Issues Pessimistic Forecast for SSP Group (LON:SSPG) Stock Price

SSP Group (LON:SSPG) had its price target dropped by Citigroup from GBX 3,600 to GBX 3,200 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock.

SSPG has been the subject of several other research reports. Berenberg Bank restated a “buy” rating and set a GBX 230 target price on shares of SSP Group in a research report on Thursday, May 21st. UBS Group restated a “neutral” rating and set a GBX 180 target price on shares of SSP Group in a research report on Monday, May 18th. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 262 target price on shares of SSP Group in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 719.50.

SSP Group Trading Down 1.1%

SSP Group stock opened at GBX 165.50 on Monday. The business has a 50 day moving average price of GBX 172.92 and a two-hundred day moving average price of GBX 180.80. The company has a quick ratio of 0.66, a current ratio of 0.37 and a debt-to-equity ratio of 36,503.13. The stock has a market cap of £1.28 billion, a price-to-earnings ratio of -45.97, a price-to-earnings-growth ratio of -0.77 and a beta of 0.90. SSP Group has a 12 month low of GBX 137.30 and a 12 month high of GBX 212.20.

SSP Group (LON:SSPG) last posted its quarterly earnings results on Tuesday, May 19th. The company reported GBX (2) EPS for the quarter. The firm had revenue of GBX 176.34 billion during the quarter. SSP Group had a negative net margin of 0.78% and a negative return on equity of 65.76%. As a group, equities analysts forecast that SSP Group will post 13.1004016 EPS for the current 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).