SSP Group’s (SSPG) Neutral Rating Reaffirmed at UBS Group

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UBS Group restated their neutral rating on shares of SSP Group (LON:SSPG) in a report released on Friday morning, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 685 ($8.95) price objective on the stock, down from their prior price objective of GBX 710 ($9.28).

Several other equities research analysts have also issued reports on SSPG. Liberum Capital restated a buy rating on shares of SSP Group in a report on Wednesday, September 26th. Shore Capital reiterated a buy rating on shares of SSP Group in a report on Wednesday, September 26th. Numis Securities reiterated an add rating on shares of SSP Group in a report on Wednesday, September 26th. Canaccord Genuity reiterated a hold rating and set a GBX 680 ($8.89) price objective on shares of SSP Group in a report on Wednesday, September 26th. Finally, Barclays boosted their price target on shares of SSP Group from GBX 650 ($8.49) to GBX 730 ($9.54) and gave the company an overweight rating in a report on Thursday, September 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 678.64 ($8.87).

Shares of LON:SSPG traded down GBX 1.50 ($0.02) on Friday, reaching GBX 692 ($9.04). The company’s stock had a trading volume of 1,251,497 shares, compared to its average volume of 1,080,000. SSP Group has a 52-week low of GBX 402.60 ($5.26) and a 52-week high of GBX 693 ($9.06).

The firm also recently declared a dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be issued a GBX 5.40 ($0.07) dividend. The ex-dividend date is Thursday, February 28th. This represents a dividend yield of 0.86%. This is a positive change from SSP Group’s previous dividend of $4.80.

In other SSP Group news, insider Kate Swann purchased 245,682 shares of SSP Group stock in a transaction dated Tuesday, November 27th. The stock was acquired at an average price of GBX 646 ($8.44) per share, for a total transaction of £1,587,105.72 ($2,073,834.73).

SSP Group Company Profile

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

Further Reading: What are the components of an earnings report?

Analyst Recommendations for SSP Group (LON:SSPG)

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