SSP Group plc (LON:SSPG) Stock Has Average Target Price of GBX 807.40

Key Points

• Analyst consensus is “Moderate Buy”: Three of five analysts rate SSP Group shares a buy, while two recommend holding. The average 12-month price target is GBX 807.40.
• Recent broker updates were mixed: Deutsche Bank reiterated a buy rating, Shore Capital maintained its “house stock” view, and Berenberg cut its target price from GBX 245 to GBX 225 while retaining a buy rating.
• SSPG opened at GBX 185.80, near its 50- and 200-day moving averages, with a market capitalization of approximately £1.40 billion. Insider Patrick Coveney recently sold 91,027 shares for about £176,592.

Shares of SSP Group plc (LON:SSPG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 807.40.

A number of equities analysts have recently commented on SSPG shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 262 target price on shares of SSP Group in a report on Monday, August 17th. Shore Capital Group reaffirmed a "house stock" rating on shares of SSP Group in a research report on Tuesday, July 28th. Finally, Berenberg Bank dropped their target price on SSP Group from GBX 245 to GBX 225 and set a "buy" rating on the stock in a report on Monday, October 12th.

Insider Buying and Selling at SSP Group

In other SSP Group news, insider Patrick Coveney sold 91,027 shares of the firm's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total value of £176,592.38. Corporate insiders own 1.12% of the company's stock.

SSP Group Stock Performance

Shares of SSPG stock opened at GBX 185.80 on Monday. SSP Group has a 12 month low of GBX 137.30 and a 12 month high of GBX 219.40. 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 capitalization of £1.40 billion, a P/E ratio of -51.61, a PEG ratio of -0.77 and a beta of 0.91. The firm's 50 day moving average is GBX 187.87 and its 200 day moving average is GBX 185.59.

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).

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