SSP Group (SSPG) Upgraded to Overweight by JPMorgan Chase & Co.

SSP Group (LON:SSPG) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Friday. The firm currently has a GBX 760 ($10.31) target price on the stock, up from their prior target price of GBX 520 ($7.05). JPMorgan Chase & Co.’s price target points to a potential upside of 16.39% from the stock’s current price.

SSPG has been the subject of a number of other research reports. Numis Securities reiterated an “add” rating and issued a GBX 670 ($9.09) price target on shares of SSP Group in a research report on Wednesday, November 29th. Panmure Gordon reiterated a “hold” rating and issued a GBX 500 ($6.78) price target on shares of SSP Group in a research report on Thursday, October 5th. Barclays reiterated an “overweight” rating and issued a GBX 650 ($8.81) price target on shares of SSP Group in a research report on Thursday, November 23rd. lowered SSP Group to a “hold” rating and set a GBX 540 ($7.32) price objective for the company. in a research report on Wednesday, September 27th. Finally, Morgan Stanley raised their price objective on SSP Group from GBX 480 ($6.51) to GBX 530 ($7.19) and gave the stock an “underweight” rating in a research report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 560.92 ($7.61).

SSP Group (SSPG) opened at GBX 653 ($8.86) on Friday. SSP Group has a 1 year low of GBX 387 ($5.25) and a 1 year high of GBX 693 ($9.40). The firm has a market capitalization of $2,990.00 and a price-to-earnings ratio of 3,436.84.

In other news, insider Per Utnegaard purchased 7,100 shares of SSP Group stock in a transaction dated Wednesday, December 20th. The stock was acquired at an average cost of GBX 676 ($9.17) per share, for a total transaction of £47,996 ($65,088.15). Insiders have acquired a total of 7,140 shares of company stock valued at $4,824,485 over the last 90 days.

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SSP Group Company Profile

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).

Analyst Recommendations for SSP Group (LON:SSPG)

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