SSP Group (LON:SSPG) Earns Hold Rating from Berenberg Bank

Berenberg Bank restated their hold rating on shares of SSP Group (LON:SSPG) in a research note published on Wednesday morning, MarketBeat.com reports. They currently have a GBX 180 ($2.35) price objective on the stock.

Other research analysts also recently issued research reports about the stock. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 305 ($3.98) price objective on shares of SSP Group in a research report on Thursday, July 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 268.75 ($3.51).

SSP Group Trading Up 2.8 %

LON SSPG opened at GBX 170.30 ($2.22) on Wednesday. The company has a market capitalization of £1.36 billion, a PE ratio of 17,030.00, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a fifty day moving average of GBX 165.08 and a 200 day moving average of GBX 175.31. SSP Group has a 1 year low of GBX 142.20 ($1.86) and a 1 year high of GBX 243.20 ($3.18). The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66.

Insider Buying and Selling

In other news, insider Jonathan Davies sold 33,392 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.08), for a total value of £53,093.28 ($69,330.48). 0.66% of the stock is owned by company 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.