SSP Group (LON:SSPG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

SSP Group plc (LON:SSPG) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 185.59 and traded as high as GBX 187.30. SSP Group shares last traded at GBX 185.80, with a volume of 2,920,270 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on SSPG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 262 price target on shares of SSP Group in a research report 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 price objective on SSP Group from GBX 245 to GBX 225 and set a “buy” rating on the stock in a research note on Monday, October 12th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SSP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 807.40.

SSP Group Trading Up 1.0%

The business’s fifty day simple moving average is GBX 187.87 and its 200 day simple moving average is GBX 185.59. 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. The stock has a market cap of £1.40 billion, a P/E ratio of -51.61, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91.

Insider Activity

In other news, insider Patrick Coveney sold 91,027 shares of the company’s stock in a transaction that occurred 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 1.12% of the company’s stock.

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).