SSP Group (LON:SSPG) Shares Cross Above 50 Day Moving Average – Time to Sell?

SSP Group plc (LON:SSPG)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 195.37 and traded as high as GBX 202.20. SSP Group shares last traded at GBX 201.37, with a volume of 6,580,206 shares trading hands.

Analyst Upgrades and Downgrades

SSPG has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating on the stock in a report on Friday, December 12th. Citigroup lowered their target price on SSP Group from GBX 360 to GBX 350 and set a “buy” rating on the stock in a research report on Monday, January 26th. UBS Group reissued a “neutral” rating and issued a GBX 180 price target on shares of SSP Group in a research report on Friday, January 16th. Berenberg Bank restated a “buy” rating and set a GBX 230 price target on shares of SSP Group in a research note on Monday, January 19th. Finally, Shore Capital Group restated a “house stock” rating on shares of SSP Group in a report on Monday, January 19th. Four 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 244.50.

SSP Group Stock Down 0.1%

The company has a market cap of £1.58 billion, a P/E ratio of -21.57, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66. The stock has a fifty day moving average price of GBX 195.37 and a two-hundred day moving average price of GBX 171.63.

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

Insider Buying and Selling

In other news, insider Apurvi Sheth purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were bought at an average cost of GBX 165 per share, with a total value of £6,600. Also, insider Patrick Coveney sold 136,379 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of GBX 174, for a total transaction of £237,299.46. Insiders have bought a total of 227,675 shares of company stock valued at $38,884,478 over the last 90 days. 1.01% of the stock is currently owned by company insiders.

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. 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).