SSP Group plc (LON:SSPG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• SSP Group has a “Moderate Buy” consensus rating from six analysts, with four buy ratings and two holds. The average 12-month price target is GBX 721.17.
• Recent analyst views remain mixed: Deutsche Bank, Citigroup and Berenberg maintained or issued buy ratings, while UBS retained a neutral stance; price targets varied significantly.
• SSPG shares opened at GBX 186, near their 200-day moving average of GBX 185.08, with a market capitalization of approximately £1.41 billion.

SSP Group plc (LON:SSPG - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 721.17.

Several research firms have issued reports on SSPG. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set 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 note on Tuesday, July 28th. Citigroup reduced their target price on SSP Group from GBX 3,600 to GBX 3,200 and set a "buy" rating on the stock in a report on Monday, June 8th. UBS Group restated a "neutral" rating and set a GBX 180 price target on shares of SSP Group in a research report on Monday, May 18th. Finally, Berenberg Bank raised their price target on SSP Group from GBX 230 to GBX 240 and gave the company a "buy" rating in a report on Tuesday, August 4th.

SSP Group Stock Down 0.5%

Shares of SSPG stock opened at GBX 186 on Friday. SSP Group has a one year low of GBX 137.30 and a one year high of GBX 219.40. The company has a debt-to-equity ratio of 36,503.12, a current ratio of 0.37 and a quick ratio of 0.66. The stock has a fifty day moving average price of GBX 198.36 and a 200 day moving average price of GBX 185.08. The stock has a market cap of £1.41 billion, a P/E ratio of -51.67, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91.

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).

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