Citigroup Issues Pessimistic Forecast for SSP Group (LON:SSPG) Stock Price

SSP Group (LON:SSPG) had its price objective decreased by investment analysts at Citigroup from GBX 3,600 to GBX 3,200 in a report released on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock.

SSPG has been the subject of several other reports. Shore Capital Group reissued a “house stock” rating on shares of SSP Group in a research note on Tuesday, May 19th. UBS Group reaffirmed a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a research report on Monday, May 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 price target on shares of SSP Group in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 262 price target on shares of SSP Group in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 719.50.

SSP Group Trading Down 1.1%

SSPG stock opened at GBX 165.50 on Monday. The business has a fifty day moving average price of GBX 172.92 and a 200 day moving average price of GBX 180.80. SSP Group has a fifty-two week low of GBX 137.30 and a fifty-two week high of GBX 212.20. The stock has a market capitalization of £1.28 billion, a price-to-earnings ratio of -45.97, a P/E/G ratio of -0.77 and a beta of 0.90. The company has a debt-to-equity ratio of 36,503.13, a current ratio of 0.37 and a quick ratio of 0.66.

SSP Group (LON:SSPG) last released its quarterly earnings results 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 business had revenue of GBX 176.34 billion for the quarter. Analysts expect that SSP Group will post 13.1004016 EPS for the current fiscal year.

SSP Group Company Profile

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).