JPMorgan Chase & Co. Cuts SSP Group (LON:SSPG) Price Target to GBX 190

Key Points

• JPMorgan Chase & Co. has reduced its price target for SSP Group from GBX 200 to GBX 190, maintaining a "neutral" rating on the stock.
• Other analysts have varied perspectives on SSP Group, with Deutsche Bank rating it as a "buy" with a target of GBX 285, while UBS suggests a "sell" with a target of GBX 170.
• SSP Group's stock opened at GBX 164.30 on Thursday, showing a market capitalization of £1.31 billion and a recent earnings report indicating a loss of GBX (2) per share.

SSP Group (LON:SSPG - Get Free Report) had its target price lowered by research analysts at JPMorgan Chase & Co. from GBX 200 ($2.67) to GBX 190 ($2.54) in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 15.64% from the company's previous close.

Several other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 285 ($3.81) price objective on shares of SSP Group in a research report on Wednesday, July 30th. UBS Group lowered shares of SSP Group to a "sell" rating and set a GBX 170 ($2.27) price objective on the stock. in a research report on Friday, July 11th. Shore Capital reiterated a "house stock" rating on shares of SSP Group in a research report on Tuesday, July 29th. Finally, Citigroup boosted their price objective on shares of SSP Group from GBX 320 ($4.27) to GBX 330 ($4.41) and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of GBX 231 ($3.09).

SSP Group Stock Performance

LON:SSPG opened at GBX 164.30 ($2.19) on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. SSP Group has a fifty-two week low of GBX 134.10 ($1.79) and a fifty-two week high of GBX 196.30 ($2.62). The stock has a market cap of £1.31 billion, a PE ratio of 172.20, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The firm's fifty day simple moving average is GBX 171.43 and its 200-day simple moving average is GBX 164.61.

SSP Group (LON:SSPG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. Analysts expect that SSP Group will post 13.1004016 earnings per share for the current fiscal year.

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.

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