SSP Group (LON:SSPG) Stock Rating Reaffirmed by Shore Capital

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SSP Group (LON:SSPG)‘s stock had its “under review” rating reaffirmed by analysts at Shore Capital in a research note issued on Wednesday, Stock Target Advisor reports.

A number of other brokerages also recently commented on SSPG. Kepler Capital Markets raised SSP Group to a “buy” rating and lowered their price objective for the stock from GBX 650 ($8.55) to GBX 400 ($5.26) in a research report on Monday. UBS Group reissued a “neutral” rating and set a GBX 675 ($8.88) price objective (down from GBX 680 ($8.95)) on shares of SSP Group in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price objective on SSP Group from GBX 790 ($10.39) to GBX 730 ($9.60) and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Goldman Sachs Group upgraded SSP Group to a “neutral” rating in a research note on Tuesday. Finally, Barclays decreased their target price on SSP Group from GBX 735 ($9.67) to GBX 670 ($8.81) and set an “overweight” rating for the company in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 629.44 ($8.28).

Shares of SSP Group stock opened at GBX 289 ($3.80) on Wednesday. SSP Group has a one year low of GBX 136.80 ($1.80) and a one year high of GBX 751.07 ($9.88). The company has a market cap of $1.32 billion and a PE ratio of 10.43. The company has a debt-to-equity ratio of 173.56, a quick ratio of 0.51 and a current ratio of 0.67. The business has a 50-day simple moving average of GBX 494.27 and a 200-day simple moving average of GBX 614.55.

About SSP Group

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

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Analyst Recommendations for SSP Group (LON:SSPG)

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