SSP Group (LON:SSPG) Hits New 52-Week High - Time to Buy?

Key Points

• SSP Group reached a new 52-week high, trading as high as GBX 219.40 before easing to GBX 210.60, with more than 802,000 shares changing hands.
• Analyst sentiment is broadly positive: Berenberg raised its target to GBX 240, Deutsche Bank maintained a buy rating with a GBX 262 target, and the stock carries a consensus “Moderate Buy” rating.
• Despite the share-price momentum, SSP Group reported a quarterly loss of GBX 2 per share, negative margins and return on equity, and significant leverage, indicating notable financial risks.

SSP Group plc (LON:SSPG - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 219.40 and last traded at GBX 210.60, with a volume of 802008 shares trading hands. The stock had previously closed at GBX 214.20.

Analyst Upgrades and Downgrades

SSPG has been the subject of several analyst reports. Berenberg Bank upped their price target on 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 report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 262 price objective on shares of SSP Group in a research note on Wednesday, July 29th. UBS Group restated a "neutral" rating and set a GBX 180 price objective on shares of SSP Group in a research report on Monday, May 18th. Finally, Citigroup reduced their target price on shares of 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, SSP Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 721.17.

SSP Group Price Performance

The stock has a fifty day moving average of GBX 188.21 and a two-hundred day moving average of GBX 183.23. The stock has a market cap of £1.60 billion, a price-to-earnings ratio of -58.50, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91. 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 (LON:SSPG - Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The company reported GBX (2) earnings per share (EPS) for the quarter. The business had revenue of GBX 176.34 billion during the quarter. SSP Group had a negative return on equity of 65.76% and a negative net margin of 0.78%. On average, equities research analysts anticipate that SSP Group plc will post 13.1004016 earnings per share for the current 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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