SSP Group (LON:SSPG) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

SSP Group (LON:SSPG)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued on Wednesday,London Stock Exchange reports. They currently have a GBX 262 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 64.88% from the company’s previous close.

A number of other research analysts also recently issued reports on SSPG. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a report on Tuesday. Citigroup cut their target price on SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a research report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, SSP Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 244.50.

SSP Group Trading Down 2.1%

SSPG opened at GBX 158.90 on Wednesday. The stock has a market capitalization of £1.23 billion, a P/E ratio of -17.09, a P/E/G ratio of -0.77 and a beta of 0.90. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 2,629.60. SSP Group has a 12 month low of GBX 137.30 and a 12 month high of GBX 212.20. The firm’s fifty day simple moving average is GBX 175.89 and its 200 day simple moving average is GBX 179.14.

SSP Group (LON:SSPG) last released its earnings results on Tuesday, May 19th. The company reported GBX (2) earnings per share (EPS) for the quarter. SSP Group had a negative return on equity of 59.21% and a negative net margin of 2.04%.The firm had revenue of GBX 176.34 billion for the quarter. As a group, research analysts anticipate that SSP Group will post 13.1004016 EPS for the current fiscal year.

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).