SSP Group (LON:SSPG) Stock Gets Price Target Trim from Berenberg Bank

SSP Group (LON:SSPG) had its target price reduced by Berenberg Bank from GBX 245 to GBX 225 in a research note issued to investors on Monday morning,Digital Look reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on SSPG. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a report on Monday, August 17th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 807.40.

SSP Group Stock Performance

SSPG stock opened at GBX 179.10 on Monday. The firm has a 50 day moving average of GBX 193.76 and a two-hundred day moving average of GBX 184.95. SSP Group has a 12 month low of GBX 137.30 and a 12 month high of GBX 219.40. The company has a market capitalization of £1.35 billion, a price-to-earnings ratio of -49.75, a P/E/G ratio of -0.77 and a beta of 0.91. The company has a quick ratio of 0.66, a current ratio of 0.37 and a debt-to-equity ratio of 36,503.12.

Insider Activity at SSP Group

In related news, insider Patrick Coveney sold 91,027 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of GBX 194, for a total value of £176,592.38. Corporate insiders own 1.12% of the company’s stock.

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).