SSP Group (LON:SSPG) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

SSP Group plc (LON:SSPG) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 186.30 and traded as high as GBX 187.90. SSP Group shares last traded at GBX 186.39, with a volume of 3,708,448 shares.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SSPG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a report on Monday, August 17th. Shore Capital Group reaffirmed a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. Finally, Berenberg Bank lowered their target price on shares of SSP Group from GBX 245 to GBX 225 and set a “buy” rating for the company in a research note on Monday, October 12th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 807.40.

SSP Group Trading Up 1.6%

The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12. The firm has a market cap of £1.42 billion, a PE ratio of -52.86, a P/E/G ratio of -0.77 and a beta of 0.91. The business has a fifty day moving average price of GBX 186.30 and a 200 day moving average price of GBX 185.51.

Insider Transactions at SSP Group

In other SSP Group news, insider Patrick Coveney sold 91,027 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of GBX 194, for a total value of £176,592.38. 1.13% of the stock is owned by company insiders.

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).