SSP Group (LON:SSPG) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• SSP Group shares rose above their 50-day moving average, reaching GBX 206.40 before closing at GBX 203.16, up 0.8% with trading volume of 980,133 shares.
• Analyst sentiment is broadly positive: four analysts rate the stock a Buy and two rate it Hold, producing a consensus “Moderate Buy” rating. Deutsche Bank and Berenberg maintained Buy ratings with target prices of GBX 262 and GBX 240, respectively.
• SSP Group operates more than 550 food and beverage brands across over 600 travel locations in 36 countries, though the company reports a negative P/E ratio and highly elevated debt-to-equity ratio.

Shares of SSP Group plc (LON:SSPG - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 196.93 and traded as high as GBX 206.40. SSP Group shares last traded at GBX 203.16, with a volume of 980,133 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on SSPG. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 262 target price on shares of SSP Group in a research note on Monday, August 17th. Berenberg Bank upped their price target on shares of SSP Group from GBX 230 to GBX 240 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Shore Capital Group reiterated a "house stock" rating on shares of SSP Group in a research note on Tuesday, July 28th. UBS Group reissued a "neutral" rating and set a GBX 180 target price on shares of SSP Group in a report on Monday, May 18th. Finally, Citigroup cut their target price on SSP Group from GBX 3,600 to GBX 3,200 and set a "buy" rating for the company in a research report on Monday, June 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 721.17.

SSP Group Trading Up 0.8%

The firm has a market capitalization of £1.55 billion, a price-to-earnings ratio of -56.43, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. The firm's 50 day moving average is GBX 196.93 and its 200 day moving average is GBX 184.81. The company has a quick ratio of 0.66, a current ratio of 0.37 and a debt-to-equity ratio of 36,503.12.

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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