SSP Group (LON:SSPG) Stock Price Crosses Below Two Hundred Day Moving Average of $189.86

SSP Group plc (LON:SSPG)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 189.86 ($2.50) and traded as low as GBX 174.01 ($2.29). SSP Group shares last traded at GBX 174.60 ($2.30), with a volume of 475,217 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a report on Wednesday, July 10th. JPMorgan Chase & Co. cut their price target on SSP Group from GBX 320 ($4.22) to GBX 300 ($3.96) and set an “overweight” rating on the stock in a report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 305 ($4.02) price target on shares of SSP Group in a report on Thursday, July 4th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SSP Group presently has a consensus rating of “Buy” and a consensus target price of GBX 296.25 ($3.91).

SSP Group Stock Down 0.1 %

The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. The stock has a 50 day moving average price of GBX 167.42 and a 200 day moving average price of GBX 189.86. The company has a market cap of £1.39 billion, a P/E ratio of 17,460.00, a P/E/G ratio of -0.77 and a beta of 1.86.

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.