JPMorgan Chase & Co. Has Lowered Expectations for SSP Group (LON:SSPG) Stock Price

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 price objective cut by research analysts at JPMorgan Chase & Co. from GBX 200 ($2.69) to GBX 190 ($2.55) in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 16.64% from the stock's current price.

SSPG has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 285 ($3.83) price objective on shares of SSP Group in a research note on Wednesday, July 30th. Shore Capital reiterated a "house stock" rating on shares of SSP Group in a research note on Tuesday, July 29th. Citigroup increased their price objective on shares of SSP Group from GBX 320 ($4.30) to GBX 330 ($4.44) and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, UBS Group lowered shares of SSP Group to a "sell" rating and set a GBX 170 ($2.29) price objective for the company. in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 231 ($3.11).

SSP Group Stock Down 1.7%

Shares of SSPG traded down GBX 2.75 ($0.04) on Thursday, reaching GBX 162.90 ($2.19). The company's stock had a trading volume of 1,617,714 shares, compared to its average volume of 2,812,374. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. SSP Group has a twelve month low of GBX 134.10 ($1.80) and a twelve month high of GBX 196.30 ($2.64). The stock has a market capitalization of £1.30 billion, a PE ratio of 170.73, a PEG ratio of -0.77 and a beta of 1.88. The firm has a fifty day moving average of GBX 171.47 and a 200-day moving average of GBX 164.41.

SSP Group (LON:SSPG - Get Free Report) last posted its 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%. Equities analysts predict that SSP Group will post 13.1004016 EPS for the current 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.