SSP Group (LON:SSPG) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of SSP Group plc (LON:SSPG) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 179.31 and traded as low as GBX 159.70. SSP Group shares last traded at GBX 160.76, with a volume of 327,962,656 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SSPG shares. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research report on Monday, January 19th. UBS Group reissued a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a research note on Friday, January 16th. Citigroup cut their price objective on shares of SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a report on Monday, January 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 target price on shares of SSP Group in a report on Monday, January 19th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SSP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 244.50.

SSP Group Price Performance

The company has a debt-to-equity ratio of 2,629.60, a quick ratio of 0.66 and a current ratio of 0.44. The company has a market capitalization of £1.24 billion, a price-to-earnings ratio of -17.23, a price-to-earnings-growth ratio of -0.77 and a beta of 0.90. The company has a 50-day moving average price of GBX 181.75 and a 200-day moving average price of GBX 179.31.

SSP Group Company Profile

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).