SSP Group (LON:SSPG) Share Price Passes Below Two Hundred Day Moving Average of $187.49

SSP Group plc (LON:SSPG)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 187.49 ($2.47) and traded as low as GBX 159.10 ($2.09). SSP Group shares last traded at GBX 160.40 ($2.11), with a volume of 1,017,622 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 305 ($4.01) price objective on shares of SSP Group in a report on Thursday, July 4th. JPMorgan Chase & Co. dropped their price objective on shares of SSP Group from GBX 320 ($4.21) to GBX 300 ($3.94) and set an “overweight” rating on the stock in a report on Tuesday, May 28th. Finally, Shore Capital restated a “house stock” rating on shares of SSP Group in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SSP Group has an average rating of “Buy” and an average price target of GBX 296.25 ($3.90).

SSP Group Stock 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’s 50-day moving average price is GBX 169.38 and its two-hundred day moving average price is GBX 187.21. The firm has a market capitalization of £1.28 billion, a price-to-earnings ratio of 16,040.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88.

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.