SSP Group (LON:SSPG) Raised to "Buy" at Berenberg Bank

Key Points

• SSP Group was upgraded to a "buy" rating by Berenberg Bank, raising its price target from GBX 180 to GBX 190, indicating a potential upside of 21.79% from current levels.
• Other firms, including Deutsche Bank and Citigroup, also maintain positive ratings on SSP Group, with price targets as high as GBX 330, while UBS downgraded it to a "sell" rating.
• SSP Group has a current average rating of "Hold" among analysts and a market capitalization of £1.25 billion despite a high debt-to-equity ratio of 852.29.

SSP Group (LON:SSPG - Get Free Report) was upgraded by equities research analysts at Berenberg Bank to a "buy" rating in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a GBX 190 price objective on the stock, up from their previous price objective of GBX 180. Berenberg Bank's target price suggests a potential upside of 21.79% from the stock's current price.

A number of other research firms also recently weighed in on SSPG. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 285 price target on shares of SSP Group in a research note on Wednesday, July 30th. Citigroup lifted their price target on SSP Group from GBX 320 to GBX 330 and gave the company a "buy" rating in a research note on Wednesday, July 30th. UBS Group downgraded SSP Group to a "sell" rating and set a GBX 170 price target on the stock. in a research note on Friday, July 11th. Shore Capital restated a "house stock" rating on shares of SSP Group in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on SSP Group from GBX 200 to GBX 190 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of GBX 233.

SSP Group Stock Performance

LON:SSPG opened at GBX 156 on Thursday. The firm's fifty day moving average price is GBX 166.67 and its 200 day moving average price is GBX 161.38. SSP Group has a 1-year low of GBX 134.10 and a 1-year high of GBX 196.30. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66. The firm has a market cap of £1.25 billion, a price-to-earnings ratio of -5,200.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88.

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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