SSP Group (LON:SSPG) Stock Rating Reaffirmed by Barclays

SSP Group (LON:SSPG)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a research note issued on Thursday, Price Targets.com reports. They presently have a GBX 350 ($4.75) price target on the stock. Barclays‘s price objective indicates a potential upside of 26.95% from the company’s current price.

A number of other equities research analysts have also weighed in on SSPG. Peel Hunt restated a “buy” rating and set a GBX 350 ($4.75) price objective on shares of SSP Group in a research note on Wednesday, December 8th. Citigroup lowered their price objective on SSP Group from GBX 350 ($4.75) to GBX 320 ($4.34) and set a “buy” rating for the company in a research note on Monday, December 20th. Liberum Capital reaffirmed a “buy” rating and set a GBX 375 ($5.09) target price on shares of SSP Group in a report on Wednesday, December 8th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SSP Group in a report on Tuesday. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 350.38 ($4.76).

Shares of LON SSPG opened at GBX 275.70 ($3.74) on Thursday. SSP Group has a fifty-two week low of GBX 209.17 ($2.84) and a fifty-two week high of GBX 399.70 ($5.43). The business has a 50 day moving average price of GBX 244.97 and a two-hundred day moving average price of GBX 258.57. The company has a quick ratio of 0.75, a current ratio of 0.80 and a debt-to-equity ratio of 726.14. The firm has a market cap of £2.19 billion and a PE ratio of -5.37.

In related news, insider Carolyn Bradley purchased 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 14th. The shares were acquired at an average price of GBX 221 ($3.00) per share, with a total value of £39,780 ($53,997.56). In the last three months, insiders purchased 18,149 shares of company stock worth $4,015,412.

About SSP Group

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 35 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

Further Reading: Are sell-side analysts objective?

Analyst Recommendations for SSP Group (LON:SSPG)

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