SSP Group (LON:SSPG) Share Price Passes Above Fifty Day Moving Average – What’s Next?

SSP Group plc (LON:SSPG)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 165.28 ($2.14) and traded as high as GBX 171.10 ($2.22). SSP Group shares last traded at GBX 167.90 ($2.18), with a volume of 802,497 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SSPG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 305 ($3.96) price target on shares of SSP Group in a report on Thursday, July 4th. Berenberg Bank reiterated a “hold” rating and set a GBX 180 ($2.33) target price on shares of SSP Group in a research report on Wednesday, October 16th. Finally, Shore Capital restated a “house stock” rating on shares of SSP Group in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, SSP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 268.75 ($3.49).

SSP Group Price Performance

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 firm has a fifty day simple moving average of GBX 165.28 and a 200 day simple moving average of GBX 172.50. The company has a market capitalization of £1.34 billion, a PE ratio of 16,790.00, a P/E/G ratio of -0.77 and a beta of 1.88.

Insider Buying and Selling

In other news, insider Apurvi Sheth bought 4,500 shares of SSP Group stock in a transaction on Monday, October 21st. The stock was acquired at an average cost of GBX 167 ($2.17) per share, for a total transaction of £7,515 ($9,745.82). In other news, insider Apurvi Sheth bought 4,500 shares of the stock in a transaction on Monday, October 21st. The stock was bought at an average cost of GBX 167 ($2.17) per share, for a total transaction of £7,515 ($9,745.82). Also, insider Jonathan Davies sold 33,392 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 159 ($2.06), for a total value of £53,093.28 ($68,853.95). Insiders purchased 4,657 shares of company stock worth $776,540 in the last three months. 0.66% of the stock is owned by 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.