SSP Group (LON:SSPG) Earns “House Stock” Rating from Shore Capital

SSP Group (LON:SSPG)‘s stock had its “house stock” rating reissued by equities research analysts at Shore Capital in a research note issued on Monday,Digital Look reports.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price objective on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a report on Friday, December 12th. Berenberg Bank reissued a “buy” rating and set a GBX 190 target price on shares of SSP Group in a research report on Tuesday, October 14th. Citigroup upped their price target on shares of SSP Group from GBX 310 to GBX 350 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, UBS Group restated a “neutral” rating and set a GBX 180 target price on shares of SSP Group in a report on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 237.83.

SSP Group Trading Down 0.9%

Shares of LON:SSPG traded down GBX 1.81 during trading on Monday, reaching GBX 190.49. 2,508,790 shares of the company were exchanged, compared to its average volume of 4,549,178. The business’s fifty day simple moving average is GBX 177.86 and its 200-day simple moving average is GBX 168.83. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66. SSP Group has a 12-month low of GBX 134.10 and a 12-month high of GBX 212.20. The firm has a market capitalization of £1.51 billion, a PE ratio of -20.48, a P/E/G ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last announced its quarterly earnings data on Thursday, December 4th. The company reported GBX 11 earnings per share (EPS) for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. On average, research analysts anticipate that SSP Group will post 13.1004016 EPS for the current year.

SSP Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 9th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at SSP Group

In related news, insider Geert Verellen acquired 41,006 shares of the stock in a transaction dated Thursday, December 11th. The stock was acquired at an average cost of GBX 181 per share, for a total transaction of £74,220.86. Also, insider Tim Lodge bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average cost of GBX 172 per share, for a total transaction of £25,800. Insiders have bought 227,675 shares of company stock worth $38,884,478 in the last 90 days. 1.01% of the stock is 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. 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).