SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 36 countries in the United Kingdom, Europe, North America, and internationally. SSP Group plc was incorporated in 2006 and is headquartered in London, the United Kingdom.
SSP Group Trading Down 2.7 %
Shares of SSP Group stock traded down GBX 6.40 ($0.08) during trading on Friday, hitting GBX 232.60 ($2.81). The stock had a trading volume of 720,674 shares, compared to its average volume of 1,754,442. The stock has a 50 day simple moving average of GBX 243.84 and a 200 day simple moving average of GBX 247.69. The company has a market capitalization of £1.85 billion and a PE ratio of -15.03. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 558.60. SSP Group has a 1 year low of GBX 205.20 ($2.48) and a 1 year high of GBX 340.80 ($4.12).
Wall Street Analyst Weigh In
Several equities analysts have commented on SSPG shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 265 ($3.20) target price on shares of SSP Group in a research note on Friday, July 15th. Shore Capital reaffirmed a "buy" rating on shares of SSP Group in a research note on Monday, July 11th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 350 ($4.23) price objective on shares of SSP Group in a research note on Tuesday, May 24th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 300 ($3.62) price objective on shares of SSP Group in a research note on Friday, August 5th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of SSP Group in a research note on Wednesday, May 11th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, SSP Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 324.29 ($3.92).
Insider Transactions at SSP Group
In other news, insider Patrick Coveney bought 630,000 shares of the company's stock in a transaction dated Tuesday, May 24th. The shares were acquired at an average cost of GBX 255 ($3.08) per share, with a total value of £1,606,500 ($1,941,155.15).