SSP Group (LON:SSPG) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

SSP Group plc (LON:SSPG) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 186.30 and traded as low as GBX 185.10. SSP Group shares last traded at GBX 185.65, with a volume of 3,455,153 shares trading hands.

Analyst Ratings Changes

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

SSP Group Price Performance

The company’s fifty day moving average price is GBX 186.30 and its 200 day moving average price is GBX 177.90. 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 firm has a market capitalization of £1.47 billion, a price-to-earnings ratio of -20.28, a price-to-earnings-growth ratio of -0.77 and a beta of 0.95.

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).