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

Key Points

• SSP shares fell below their 200-day moving average, with the 200‑day at GBX 179.25 and the stock trading as low as GBX 159.30 and last at GBX 162.19 on volume of about 1.94 million shares.
• Analyst sentiment is cautiously positive: four Buy and two Hold ratings give an average rating of “Moderate Buy” and an average price target of GBX 244.50 (individual targets range roughly GBX 180 to GBX 350).
• The company has a market cap of £1.23 billion but shows a negative P/E (-16.92), very high reported debt-to-equity (2,629.60) and weak liquidity (current ratio 0.44), indicating balance-sheet and profitability concerns.

SSP Group plc (LON:SSPG - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 179.25 and traded as low as GBX 159.30. SSP Group shares last traded at GBX 162.19, with a volume of 1,935,988 shares trading hands.

Wall Street Analyst Weigh In

SSPG has been the topic of several research reports. UBS Group reaffirmed a "neutral" rating and issued a GBX 180 target price on shares of SSP Group in a research report on Friday, January 16th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 230 price objective on shares of SSP Group in a research note on Monday, January 19th. Citigroup dropped their target price 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. Finally, Shore Capital Group restated a "house stock" rating on shares of SSP Group in a report on Monday, January 19th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 244.50.

SSP Group Stock Down 1.2%

The firm has a 50-day simple moving average of GBX 185.26 and a 200 day simple moving average of GBX 179.25. The company has a debt-to-equity ratio of 2,629.60, a current ratio of 0.44 and a quick ratio of 0.66. The company has a market capitalization of £1.23 billion, a PE ratio of -16.92, a price-to-earnings-growth ratio of -0.77 and a beta of 0.95.

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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