SSP Group plc (LON:SSPG) Stock Has Consensus Target Price of GBX 721.17 According to Analysts

Key Points

• Analysts give SSP Group a “Moderate Buy” consensus: four of six covering firms rate the stock a buy, while two recommend holding it. The average 12-month target price is GBX 721.17.
• SSP Group shares opened at GBX 186.50, down 2.4%, with a 52-week range of GBX 137.30 to GBX 219.40 and a market capitalization of approximately £1.40 billion.
• Insider Patrick Coveney sold 91,027 shares at an average price of GBX 194 for about £176,592; insiders collectively own 1.12% of the company.

Shares of SSP Group plc (LON:SSPG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 721.17.

Several equities research analysts have weighed in on the stock. Shore Capital Group reissued a "house stock" rating on shares of SSP Group in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 262 price objective on shares of SSP Group in a research report on Monday, August 17th. Finally, Berenberg Bank upped their price objective on shares of SSP Group from GBX 230 to GBX 240 and gave the company a "buy" rating in a research note on Tuesday, August 4th.

Insider Activity

In related news, insider Patrick Coveney sold 91,027 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of GBX 194, for a total transaction of £176,592.38. 1.12% of the stock is owned by insiders.

SSP Group Stock Down 2.4%

Shares of SSP Group stock opened at GBX 186.50 on Thursday. The company has a debt-to-equity ratio of 36,503.12, a quick ratio of 0.66 and a current ratio of 0.37. SSP Group has a 52-week low of GBX 137.30 and a 52-week high of GBX 219.40. The stock has a market capitalization of £1.40 billion, a price-to-earnings ratio of -51.81, a P/E/G ratio of -0.77 and a beta of 0.91. The company's 50 day moving average price is GBX 196.37 and its 200-day moving average price is GBX 184.84.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.