Free Trial

SSP Group (LON:SSPG) Stock Price Crosses Below 50 Day Moving Average - Here's Why

SSP Group logo with Consumer Cyclical background

Key Points

  • SSP Group plc's stock price fell below its 50-day moving average of GBX 165.40, traded as low as GBX 151.80, and last traded at GBX 156.20 with a volume of 609,080 shares.
  • Recent ratings from analysts varied, with Citigroup revising its price objective to GBX 330 and maintaining a "buy" rating while UBS Group downgraded to a "sell" rating with a price target of GBX 170.
  • The company has a market capitalization of £1.25 billion and a high debt-to-equity ratio of 852.29, indicating potential financial risk.
  • Five stocks to consider instead of SSP Group.

SSP Group plc (LON:SSPG - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 165.40 ($2.23) and traded as low as GBX 151.80 ($2.05). SSP Group shares last traded at GBX 156.20 ($2.10), with a volume of 609,080 shares trading hands.

Analysts Set New Price Targets

SSPG has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on SSP Group from GBX 200 to GBX 190 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Citigroup increased their price target on SSP Group from GBX 320 to GBX 330 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Shore Capital reissued a "house stock" rating on shares of SSP Group in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 285 price target on shares of SSP Group in a research report on Wednesday, July 30th. Finally, UBS Group lowered SSP Group to a "sell" rating and set a GBX 170 price target for the company. in a research report on Friday, July 11th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SSP Group presently has a consensus rating of "Hold" and a consensus target price of GBX 233.

View Our Latest Analysis on SSPG

SSP Group Trading Down 0.4%

The stock has a market capitalization of £1.25 billion, a PE ratio of -5,193.33, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The firm has a 50-day moving average price of GBX 163.22 and a 200-day moving average price of GBX 160.86. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29.

About SSP Group

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in SSP Group Right Now?

Before you consider SSP Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SSP Group wasn't on the list.

While SSP Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.