SSP Group plc (LON:SSPG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SSP Group plc (LON:SSPG) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 721.17.

A number of research firms have weighed in on SSPG. UBS Group reissued a “neutral” rating and set a GBX 180 target price on shares of SSP Group in a research report on Monday, May 18th. Berenberg Bank boosted their price target on shares of SSP Group from GBX 230 to GBX 240 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Citigroup reduced their price objective 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. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 262 target price on shares of SSP Group in a research note on Monday.

SSP Group Trading Down 0.7%

Shares of SSPG stock opened at GBX 203.20 on Wednesday. The stock has a market cap of £1.55 billion, a price-to-earnings ratio of -56.44, a PEG ratio of -0.77 and a beta of 0.91. The stock has a 50-day moving average of GBX 193.22 and a 200-day moving average of GBX 184.03. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12. SSP Group has a 1-year low of GBX 137.30 and a 1-year high of GBX 219.40.

SSP Group (LON:SSPG) last posted its quarterly earnings data on Tuesday, May 19th. The company reported GBX (2) EPS for the quarter. SSP Group had a negative return on equity of 65.76% and a negative net margin of 0.78%.The company had revenue of GBX 176.34 billion during the quarter. On average, equities research analysts forecast that SSP Group will post 13.1004016 earnings per share 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. 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).