Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for SSP Group (LON:SSPG)

SSP Group (LON:SSPG)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 305 ($3.86) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 102.06% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Shore Capital restated a “house stock” rating on shares of SSP Group in a report on Wednesday, June 19th. JPMorgan Chase & Co. dropped their price target on shares of SSP Group from GBX 320 ($4.05) to GBX 300 ($3.79) and set an “overweight” rating for the company in a research note on Tuesday, May 28th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 296.25 ($3.75).

SSP Group Stock Performance

Shares of SSP Group stock opened at GBX 150.94 ($1.91) on Thursday. The stock has a market capitalization of £1.20 billion, a price-to-earnings ratio of 15,111.30, a price-to-earnings-growth ratio of -0.77 and a beta of 1.80. The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66. The business has a 50-day moving average of GBX 176.24 and a 200 day moving average of GBX 205.54. SSP Group has a 12 month low of GBX 142.20 ($1.80) and a 12 month high of GBX 267 ($3.38).

Insider Activity at SSP Group

In other news, insider Patrick Coveney acquired 40,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of GBX 185 ($2.34) per share, with a total value of £74,000 ($93,599.80). Insiders have bought a total of 40,133 shares of company stock valued at $7,424,928 over the last 90 days. 0.63% of the stock is owned by corporate insiders.

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.