Deutsche Bank AG Reaffirms “Hold” Rating for SSP Group PLC (SSPG)

Deutsche Bank AG restated their hold rating on shares of SSP Group PLC (LON:SSPG) in a research note issued to investors on Tuesday, May 16th. Deutsche Bank AG currently has a GBX 440 ($5.57) price target on the stock.

Several other equities analysts have also issued reports on SSPG. J P Morgan Chase & Co lowered SSP Group PLC to a neutral rating and boosted their price target for the company from GBX 390 ($4.93) to GBX 400 ($5.06) in a research note on Wednesday, January 18th. Jefferies Group LLC upgraded SSP Group PLC to a buy rating and boosted their price target for the company from GBX 325 ($4.11) to GBX 450 ($5.69) in a research note on Monday, January 23rd. Shore Capital restated a buy rating on shares of SSP Group PLC in a research note on Thursday, January 26th. Panmure Gordon restated a buy rating and set a GBX 400 ($5.06) price target on shares of SSP Group PLC in a research note on Thursday, January 26th. Finally, Canaccord Genuity lowered SSP Group PLC to a sell rating and boosted their price target for the company from GBX 360 ($4.55) to GBX 375 ($4.74) in a research note on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. SSP Group PLC presently has a consensus rating of Hold and an average price target of GBX 431.27 ($5.46).

SSP Group PLC (LON SSPG) traded up 2.23% on Tuesday, reaching GBX 490.50. The company’s stock had a trading volume of 2,046,586 shares. SSP Group PLC has a 52 week low of GBX 260.50 and a 52 week high of GBX 498.00. The stock’s 50 day moving average is GBX 470.94 and its 200-day moving average is GBX 419.84. The firm’s market capitalization is GBX 2.33 billion.

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The company also recently disclosed a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 1st will be issued a dividend of GBX 3.20 ($0.04) per share. This is an increase from SSP Group PLC’s previous dividend of $2.90. The ex-dividend date is Thursday, June 1st. This represents a yield of 0.68%.

About SSP Group PLC

SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).

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