SSP Group (LON:SSPG) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• SSP Group shares fell below their 200-day moving average on Thursday, trading as low as GBX 159.70 and last changing hands at GBX 160.76.
• Analysts remain cautiously positive overall, with a consensus rating of “Moderate Buy” and an average price target of GBX 244.50, though some firms have trimmed their outlooks.
• The stock’s recent technical weakness comes amid mixed fundamentals, including a market cap of £1.24 billion and relatively weak liquidity metrics, such as a current ratio of 0.44.

SSP Group plc (LON:SSPG - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 179.31 and traded as low as GBX 159.70. SSP Group shares last traded at GBX 160.76, with a volume of 327,962,656 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently commented on SSPG. Berenberg Bank restated a "buy" rating and set a GBX 230 target price on shares of SSP Group in a report on Monday, January 19th. Shore Capital Group reiterated a "house stock" rating on shares of SSP Group in a research report on Monday, January 19th. UBS Group reissued a "neutral" rating and set a GBX 180 price objective on shares of SSP Group in a report on Friday, January 16th. Finally, Citigroup lowered their price objective on shares of SSP Group from GBX 360 to GBX 350 and set a "buy" rating for the company in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 244.50.

SSP Group Stock Performance

The stock has a market cap of £1.24 billion, a price-to-earnings ratio of -17.23, a P/E/G ratio of -0.77 and a beta of 0.90. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 2,629.60. The firm has a fifty day simple moving average of GBX 181.75 and a 200-day simple moving average of GBX 179.31.

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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