SSP Group plc (LON:SSPG) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• SSP Group plc has received an average rating of "Moderate Buy" from six research firms, with four analysts recommending a buy.
• The company has authorized a share repurchase plan, indicating that management believes the stock may be undervalued.
• Shares of SSP Group have seen a 1.3% decline recently, and the current market capitalization stands at £1.28 billion.

Shares of SSP Group plc (LON:SSPG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 236.17.

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on SSP Group from GBX 285 to GBX 262 and set a "buy" rating for the company in a research report on Thursday, September 25th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 275 price target on shares of SSP Group in a report on Friday. Citigroup boosted their price objective on SSP Group from GBX 320 to GBX 330 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Berenberg Bank upgraded SSP Group to a "buy" rating and upped their price target for the stock from GBX 180 to GBX 190 in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut their price target on SSP Group from GBX 200 to GBX 190 and set a "neutral" rating for the company in a research note on Thursday, August 7th.

SSP Group Stock Down 1.3%

Shares of LON:SSPG opened at GBX 160.10 on Monday. The business has a 50-day moving average price of GBX 160.81 and a 200 day moving average price of GBX 161.75. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of -5,336.67, a PEG ratio of -0.77 and a beta of 1.88. SSP Group has a 12-month low of GBX 134.10 and a 12-month high of GBX 196.30.

SSP Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, October 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity at SSP Group

In other SSP Group news, insider Patrick Coveney sold 69,007 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of GBX 173, for a total value of £119,382.11. 1.00% of the stock is currently owned by insiders.

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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