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

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

A number of other brokerages have also recently issued reports on SSPG. JPMorgan Chase & Co. lowered their price objective on SSP Group from GBX 320 ($4.10) to GBX 300 ($3.84) and set an “overweight” rating for the company in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 305 ($3.91) price target on shares of SSP Group in a research note on Thursday, July 4th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SSP Group presently has a consensus rating of “Buy” and a consensus target price of GBX 296.25 ($3.79).

SSP Group Price Performance

Shares of LON SSPG opened at GBX 178.20 ($2.28) on Wednesday. The company has a 50 day simple moving average of GBX 172.53 and a two-hundred day simple moving average of GBX 202.94. SSP Group has a fifty-two week low of GBX 142.20 ($1.82) and a fifty-two week high of GBX 267 ($3.42). The company has a market capitalization of £1.42 billion, a price-to-earnings ratio of 17,782.00, a P/E/G ratio of -0.77 and a beta of 1.80. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35.

Insider Activity at SSP Group

In other SSP Group news, insider Patrick Coveney acquired 40,000 shares of SSP Group stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average cost of GBX 185 ($2.37) per share, for a total transaction of £74,000 ($94,786.73). Insiders have acquired 40,154 shares of company stock valued at $7,424,868 over the last ninety days. Insiders own 0.63% of the company’s stock.

SSP Group Company Profile

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.