SSP Group (LON:SSPG) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• SSP Group's stock crossed below its 50-day moving average (50‑day MA GBX 186.30), trading as low as GBX 185.10 and last at GBX 185.65 on a volume of 3,455,153 shares.
• Analysts have a consensus rating of Moderate Buy (four Buy, two Hold) with a consensus price target of GBX 244.50, amid recent notes such as Berenberg's GBX 230 target and Citi trimming its target to GBX 350.
• Key fundamentals: market cap £1.47bn, negative P/E (−20.28), extremely high debt‑to‑equity (2,629.60) and weak liquidity (current ratio 0.44), signaling leverage and profitability concerns.

SSP Group plc (LON:SSPG - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 186.30 and traded as low as GBX 185.10. SSP Group shares last traded at GBX 185.65, with a volume of 3,455,153 shares changing hands.

Wall Street Analyst Weigh In

SSPG has been the topic of a number of analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 230 target price on shares of SSP Group in a research report on Monday, January 19th. UBS Group restated a "neutral" rating and set a GBX 180 price objective on shares of SSP Group in a research note on Friday, January 16th. Shore Capital Group restated a "house stock" rating on shares of SSP Group in a report on Monday, January 19th. Finally, Citigroup cut their target price on SSP Group from GBX 360 to GBX 350 and set a "buy" rating on the stock in a research report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 244.50.

SSP Group Stock Performance

The company's fifty day simple moving average is GBX 186.30 and its two-hundred day simple moving average is GBX 177.90. The company has a market capitalization of £1.47 billion, a price-to-earnings ratio of -20.28, a price-to-earnings-growth ratio of -0.77 and a beta of 0.95. The company has a debt-to-equity ratio of 2,629.60, a quick ratio of 0.66 and a current ratio of 0.44.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.