SSP Group (LON:SSPG) Shares Pass Below 200 Day Moving Average – What’s Next?

SSP Group plc (LON:SSPG)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 179.25 and traded as low as GBX 159.30. SSP Group shares last traded at GBX 162.19, with a volume of 1,935,988 shares changing hands.

Analyst Ratings Changes

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

SSP Group Trading Down 1.2%

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. The company has a market cap of £1.23 billion, a price-to-earnings ratio of -16.92, a price-to-earnings-growth ratio of -0.77 and a beta of 0.95. The firm has a 50-day moving average price of GBX 185.26 and a 200 day moving average price of GBX 179.25.

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).