Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for SSP Group (LON:SSPG)

Key Points

• Deutsche Bank reaffirmed its “buy” rating on SSP Group and maintained a GBX 262 price target, implying 25.48% potential upside from the current price.
• Analyst sentiment is broadly positive, with four Buy ratings and two Hold ratings, producing a consensus “Moderate Buy” rating from MarketBeat.
• SSP Group shares opened at GBX 208.80, near their 52-week high of GBX 219.40, while the company continues to report weak profitability, including negative earnings, return on equity, and net margin.

SSP Group (LON:SSPG - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 262 target price on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 25.48% from the company's current price.

SSPG has been the subject of a number of other reports. UBS Group restated a "neutral" rating and issued a GBX 180 price objective on shares of SSP Group in a report on Monday, May 18th. Shore Capital Group reaffirmed a "house stock" rating on shares of SSP Group in a report on Tuesday, July 28th. Berenberg Bank upped their price target on SSP Group from GBX 230 to GBX 240 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, Citigroup decreased their price target on SSP Group from GBX 3,600 to GBX 3,200 and set a "buy" rating for the company in a research note on Monday, June 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SSP Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 721.17.

SSP Group Stock Performance

LON:SSPG opened at GBX 208.80 on Monday. The company has a market cap of £1.59 billion, a price-to-earnings ratio of -58.00, a PEG ratio of -0.77 and a beta of 0.91. SSP Group has a fifty-two week low of GBX 137.30 and a fifty-two week high of GBX 219.40. 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. The stock has a fifty day moving average price of GBX 191.75 and a 200-day moving average price of GBX 183.75.

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

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