Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for SSP Group (LON:SSPG)

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of SSP Group (LON:SSPG) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 285 ($3.78) price target on the stock.

A number of other research analysts also recently commented on SSPG. UBS Group downgraded SSP Group to a “sell” rating and set a GBX 170 ($2.25) price objective for the company. in a research note on Friday, July 11th. Citigroup upped their price objective on SSP Group from GBX 320 ($4.24) to GBX 330 ($4.38) and gave the stock a “buy” rating in a research note on Wednesday. Finally, Shore Capital restated a “house stock” rating on shares of SSP Group in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 235 ($3.12).

SSP Group Trading Up 1.3%

LON:SSPG opened at GBX 170.40 ($2.26) on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. The business’s 50 day moving average is GBX 171.38 and its two-hundred day moving average is GBX 164.72. SSP Group has a 52 week low of GBX 134.10 ($1.78) and a 52 week high of GBX 196.30 ($2.60). The company has a market cap of £1.36 billion, a PE ratio of 178.59, a P/E/G ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last announced its quarterly earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share (EPS) for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. On average, analysts predict that SSP Group will post 13.1004016 EPS for the current year.

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.