Deutsche Bank Aktiengesellschaft Cuts SSP Group (LON:SSPG) Price Target to GBX 262

SSP Group (LON:SSPG) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 285 to GBX 262 in a report issued on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on SSPG. JPMorgan Chase & Co. decreased their price target on SSP Group from GBX 200 to GBX 190 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Citigroup increased their price target on SSP Group from GBX 320 to GBX 330 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Berenberg Bank raised SSP Group to a “buy” rating and raised their target price for the stock from GBX 180 to GBX 190 in a research report on Thursday, September 11th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 29th. Finally, UBS Group downgraded SSP Group to a “sell” rating and set a GBX 170 target price for the company. in a research report on Friday, July 11th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SSP Group currently has a consensus rating of “Hold” and a consensus price target of GBX 228.40.

SSP Group Stock Down 0.2%

SSPG stock opened at GBX 166.60 on Thursday. SSP Group has a twelve month low of GBX 134.10 and a twelve month high of GBX 196.30. 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 stock’s 50 day moving average is GBX 162.09 and its 200-day moving average is GBX 160.86. The firm has a market capitalization of £1.34 billion, a PE ratio of -5,553.33, a P/E/G ratio of -0.77 and a beta of 1.88.

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.