SSP Group (LON:SSPG) Reaches New 52-Week High Following Analyst Upgrade

SSP Group plc (LON:SSPG)’s stock price reached a new 52-week high during trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 230 to GBX 240. Berenberg Bank currently has a buy rating on the stock. SSP Group traded as high as GBX 213.60 and last traded at GBX 212.72, with a volume of 142395 shares changing hands. The stock had previously closed at GBX 209.60.

A number of other brokerages also recently issued reports on SSPG. UBS Group reaffirmed a “neutral” rating and issued a GBX 180 target price on shares of SSP Group in a research note on Monday, May 18th. Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a report on Wednesday, July 29th. Finally, Citigroup reduced their target price on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating on the stock in a research note on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, SSP Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 721.17.

SSP Group Stock Up 1.4%

The company has a debt-to-equity ratio of 36,503.12, a current ratio of 0.37 and a quick ratio of 0.66. The business has a 50 day simple moving average of GBX 184.77 and a 200 day simple moving average of GBX 182.67. The company has a market capitalization of £1.63 billion, a price-to-earnings ratio of -59.06, a PEG ratio of -0.77 and a beta of 0.91.

SSP Group (LON:SSPG) last issued its quarterly earnings data on Tuesday, May 19th. The company reported GBX (2) earnings per share for the quarter. SSP Group had a negative net margin of 0.78% and a negative return on equity of 65.76%. The firm had revenue of GBX 176.34 billion during the quarter. As a group, equities analysts predict that SSP Group plc will post 13.1004016 earnings per share for the current fiscal 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. 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).