Barclays Reaffirms “Overweight” Rating for SSP Group (LON:SSPG)

Barclays restated their overweight rating on shares of SSP Group (LON:SSPG) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.

SSPG has been the topic of a number of other reports. Liberum Capital reiterated a buy rating on shares of SSP Group in a research report on Thursday, September 26th. Shore Capital reiterated a buy rating on shares of SSP Group in a research report on Friday, July 19th. Morgan Stanley upgraded SSP Group to an equal weight rating in a research report on Monday, July 15th. HSBC restated a hold rating on shares of SSP Group in a research report on Monday, July 15th. Finally, Canaccord Genuity reduced their price objective on SSP Group from GBX 710 ($9.28) to GBX 680 ($8.89) and set a hold rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 709.29 ($9.27).

SSPG traded down GBX 12 ($0.16) during trading on Thursday, reaching GBX 647 ($8.45). 896,897 shares of the stock were exchanged, compared to its average volume of 1,080,000. The business’s 50 day moving average price is GBX 667.58 and its two-hundred day moving average price is GBX 684.55. The company has a debt-to-equity ratio of 130.95, a current ratio of 0.65 and a quick ratio of 0.59. The company has a market capitalization of $2.88 billion and a price-to-earnings ratio of 24.88. SSP Group has a 1 year low of GBX 602 ($7.87) and a 1 year high of GBX 751.07 ($9.81).

SSP Group Company Profile

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.

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Analyst Recommendations for SSP Group (LON:SSPG)

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