SSP Group (LON:SSPG) Rating Reiterated by Berenberg Bank

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

Other equities analysts have also issued reports about the company. Shore Capital reissued a “house stock” rating on shares of SSP Group in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 305 ($3.98) price target on shares of SSP Group in a research note on Thursday, July 4th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 268.75 ($3.51).

SSP Group Trading Up 2.8 %

Shares of SSPG stock opened at GBX 170.30 ($2.22) on Wednesday. SSP Group has a 52-week low of GBX 142.20 ($1.86) and a 52-week high of GBX 243.20 ($3.18). The company has a 50-day simple moving average of GBX 165.08 and a two-hundred day simple moving average of GBX 175.05. 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 company has a market capitalization of £1.36 billion, a price-to-earnings ratio of 17,030.00, a PEG ratio of -0.77 and a beta of 1.88.

Insider Activity

In other news, insider Jonathan Davies sold 33,392 shares of SSP Group stock in a transaction dated Tuesday, October 1st. The stock was 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 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.