SSP Group (LON:SSPG) Stock Passes Below 50 Day Moving Average - Here's What Happened

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.

Shares of SSP Group plc (LON:SSPG - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 165.40 ($2.25) and traded as low as GBX 151.80 ($2.07). SSP Group shares last traded at GBX 156.20 ($2.12), with a volume of 609,080 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on SSPG shares. Citigroup raised their price objective on shares of SSP Group from GBX 320 to GBX 330 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Berenberg Bank upgraded shares of SSP Group to a "buy" rating and raised their price objective for the company from GBX 180 to GBX 190 in a research report on Thursday, September 11th. UBS Group downgraded shares of SSP Group to a "sell" rating and set a GBX 170 price objective on the stock. in a research report on Friday, July 11th. JPMorgan Chase & Co. decreased their price objective on shares of SSP Group from GBX 200 to GBX 190 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 285 price objective on shares of SSP Group in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 233.

SSP Group Stock Performance

The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The company has a market capitalization of £1.25 billion, a P/E ratio of -5,210.00, a P/E/G ratio of -0.77 and a beta of 1.88. The business's fifty day simple moving average is GBX 165.40 and its 200-day simple moving average is GBX 161.06.

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.

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