SSP Group (LON:SSPG) Receives “House Stock” Rating from Shore Capital

Shore Capital reissued their house stock rating on shares of SSP Group (LON:SSPG) in a research note released on Friday, MarketBeat Ratings reports.

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 180 ($2.32) target price on shares of SSP Group in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 268.75 ($3.46).

SSP Group Stock Performance

LON:SSPG opened at GBX 161.60 ($2.08) on Friday. The stock’s fifty day moving average is GBX 163.15 and its 200 day moving average is GBX 170.18. SSP Group has a fifty-two week low of GBX 142.20 ($1.83) and a fifty-two week high of GBX 243.20 ($3.13). The firm has a market capitalization of £1.29 billion, a PE ratio of 16,170.00, a PEG ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35.

Insider Transactions at SSP Group

In other SSP Group news, insider Apurvi Sheth bought 4,500 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were acquired at an average cost of GBX 167 ($2.15) per share, with a total value of £7,515 ($9,670.57). In other SSP Group news, insider Jonathan Davies sold 33,392 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.05), for a total value of £53,093.28 ($68,322.33). Also, insider Apurvi Sheth acquired 4,500 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were purchased at an average cost of GBX 167 ($2.15) per share, with a total value of £7,515 ($9,670.57). Insiders have bought a total of 4,657 shares of company stock valued at $776,540 in the last ninety days. 0.66% of the stock is currently 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.