SSP Group (LON:SSPG) Share Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• SSP Group shares fell below their 200-day moving average, reaching GBX 182.80 before last trading at GBX 186, compared with the average of GBX 185.08. Trading volume was approximately 8.6 million shares.
• Analysts remain generally positive, with four Buy ratings and two Hold ratings. The stock has a consensus “Moderate Buy” rating, although published price targets vary widely, including UBS’s GBX 180 target and Deutsche Bank’s GBX 262 target.
• SSP Group, valued at about £1.41 billion, operates more than 550 food and beverage brands across over 600 travel locations in 36 countries, but reports a negative PE ratio and high debt-to-equity ratio.

SSP Group plc (LON:SSPG - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 185.08 and traded as low as GBX 182.80. SSP Group shares last traded at GBX 186, with a volume of 8,628,282 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup reduced their target price on SSP Group from GBX 3,600 to GBX 3,200 and set a "buy" rating on the stock in a research report on Monday, June 8th. Berenberg Bank increased their price target on SSP Group from GBX 230 to GBX 240 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 262 price objective on shares of SSP Group in a research report on Monday, August 17th. Shore Capital Group restated a "house stock" rating on shares of SSP Group in a report on Tuesday, July 28th. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 721.17.

SSP Group Stock Down 0.5%

The business has a fifty day moving average of GBX 198.36 and a 200 day moving average of GBX 185.08. The company has a market capitalization of £1.41 billion, a PE ratio of -51.67, a PEG ratio of -0.77 and a beta of 0.91. The company has a current ratio of 0.37, a quick ratio of 0.66 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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