SSP Group (LON:SSPG) Upgraded 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.

Berenberg Bank upgraded shares of SSP Group (LON:SSPG - Free Report) to a buy rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. They currently have GBX 190 price objective on the stock, up from their prior price objective of GBX 180.

Several other analysts also recently weighed in on the company. Shore Capital reissued a "house stock" rating on shares of SSP Group in a report on Tuesday, July 29th. Citigroup boosted their target price on SSP Group from GBX 320 to GBX 330 and gave the company a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on SSP Group from GBX 200 to GBX 190 and set a "neutral" rating for the company in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 285 price objective on shares of SSP Group in a research note on Wednesday, July 30th. Finally, UBS Group downgraded SSP Group to a "sell" rating and set a GBX 170 price objective for the company. in a research note on Friday, July 11th. Three investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 233.

SSP Group Stock Performance

Shares of SSP Group stock traded up GBX 2.10 on Thursday, hitting GBX 157. The stock had a trading volume of 746,228 shares, compared to its average volume of 3,126,399. SSP Group has a 52-week low of GBX 134.10 and a 52-week high of GBX 196.30. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The stock has a market cap of £1.26 billion, a price-to-earnings ratio of -5,233.33, a P/E/G ratio of -0.77 and a beta of 1.88. The company's 50 day moving average price is GBX 164.77 and its 200 day moving average price is GBX 161.03.

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.