Shore Capital Reiterates House Stock Rating for SSP Group (LON:SSPG)

SSP Group (LON:SSPG)‘s stock had its “house stock” rating reiterated by research analysts at Shore Capital in a research note issued on Monday,Digital Look reports.

Several other equities analysts have also recently issued reports on SSPG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 price objective on shares of SSP Group in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price target on SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a report on Thursday, September 25th. Peel Hunt reaffirmed a “buy” rating and set a GBX 275 price objective on shares of SSP Group in a research report on Friday, October 10th. Citigroup upped their price target on shares of SSP Group from GBX 310 to GBX 350 and gave the company a “buy” rating in a research report on Thursday. Finally, UBS Group reissued a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, SSP Group has an average rating of “Moderate Buy” and an average price target of GBX 237.83.

SSP Group Stock Down 0.9%

Shares of LON:SSPG traded down GBX 1.81 on Monday, hitting GBX 190.49. 2,508,790 shares of the company traded hands, compared to its average volume of 4,549,178. The stock has a 50 day simple moving average of GBX 177.86 and a 200-day simple moving average of GBX 168.83. 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 company has a market cap of £1.51 billion, a PE ratio of -20.48, a PEG ratio of -0.77 and a beta of 1.88. SSP Group has a 52 week low of GBX 134.10 and a 52 week high of GBX 212.20.

SSP Group (LON:SSPG) last announced its quarterly earnings results on Thursday, December 4th. The company reported GBX 11 earnings per share (EPS) for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. As a group, research analysts expect that SSP Group will post 13.1004016 earnings per share for the current year.

SSP Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 9th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Patrick Coveney sold 136,379 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of GBX 174, for a total value of £237,299.46. Also, insider Karina Deacon acquired 18,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average price of GBX 171 per share, with a total value of £30,780. Insiders have purchased 227,675 shares of company stock valued at $38,884,478 over the last quarter. Corporate insiders own 1.01% of the company’s stock.

SSP Group Company Profile

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. These include our own brands (such as UrbanCrave, which brought the first “street eats” concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).