Shore Capital Reaffirms "House Stock" Rating for SSP Group (LON:SSPG)

Key Points

• SSP Group's stock receives a **"house stock" rating** from Shore Capital, reiterating confidence in the company's performance amid mixed reviews from other analysts.
• UBS has downgraded SSP Group to a **"sell" rating**, while Deutsche Bank maintains a **"buy" rating**, showing a split in analyst sentiment.
• The company's stock is currently trading at GBX **169.10** ($2.26), with a consensus target price of GBX **211.25** ($2.82) among analysts.

Shore Capital reaffirmed their house stock rating on shares of SSP Group (LON:SSPG - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat reports.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 285 ($3.78) price objective on shares of SSP Group in a research report on Thursday, July 3rd. UBS Group lowered shares of SSP Group to a "sell" rating and set a GBX 170 ($2.25) target price for the company. in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 235 ($3.12).

SSP Group Stock Performance

Shares of SSPG traded up GBX 0.20 ($0.00) during trading hours on Tuesday, hitting GBX 168.20 ($2.23). The company's stock had a trading volume of 3,283,910 shares, compared to its average volume of 2,840,859. The company has a market cap of £1.34 billion, a price-to-earnings ratio of 176.29, a PEG ratio of -0.77 and a beta of 1.88. 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 business has a 50 day simple moving average of GBX 171.38 and a two-hundred day simple moving average of GBX 164.72. SSP Group has a 52-week low of GBX 134.10 ($1.78) and a 52-week high of GBX 196.30 ($2.60).

SSP Group (LON:SSPG - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. On average, equities analysts expect that SSP Group will post 13.1004016 earnings per share for the current fiscal year.

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.