SSP Group (LON:SSPG) Price Target Raised to GBX 240

SSP Group (LON:SSPG) had its price objective upped by Berenberg Bank from GBX 230 to GBX 240 in a research report released on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

A number of other analysts have also recently commented on SSPG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a research report on Wednesday, July 29th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a report on Tuesday, July 28th. Citigroup decreased their target price on SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating for the company in a research note on Monday, June 8th. Finally, UBS Group restated a “neutral” rating and issued a GBX 180 price target on shares of SSP Group in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 721.17.

SSP Group Stock Up 0.2%

Shares of LON SSPG opened at GBX 212.20 on Tuesday. SSP Group has a 52-week low of GBX 137.30 and a 52-week high of GBX 214.60. The company has a debt-to-equity ratio of 36,503.12, a quick ratio of 0.66 and a current ratio of 0.37. The stock has a market cap of £1.63 billion, a P/E ratio of -58.94, a P/E/G ratio of -0.77 and a beta of 0.91. The firm has a 50 day moving average price of GBX 186.45 and a 200 day moving average price of GBX 182.93.

SSP Group (LON:SSPG) last posted its earnings results on Tuesday, May 19th. The company reported GBX (2) earnings per share for the quarter. The firm had revenue of GBX 176.34 billion during the quarter. SSP Group had a negative return on equity of 65.76% and a negative net margin of 0.78%. Analysts expect that SSP Group will post 13.1004016 EPS for the current year.

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).