SSP Group (LON:SSPG) Raised to Buy at HSBC

HSBC upgraded shares of SSP Group (LON:SSPG) to a buy rating in a research report report published on Thursday morning, Stock Target Advisor reports.

Other analysts have also recently issued research reports about the stock. UBS Group reiterated a neutral rating and issued a GBX 680 ($8.89) price target (down previously from GBX 695 ($9.08)) on shares of SSP Group in a report on Thursday, November 28th. Liberum Capital restated a buy rating on shares of SSP Group in a report on Wednesday, November 20th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 680 ($8.89) target price on shares of SSP Group in a research report on Wednesday, November 20th. Barclays reaffirmed an overweight rating on shares of SSP Group in a research note on Wednesday, November 27th. Finally, Shore Capital reiterated a buy rating on shares of SSP Group in a research report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. SSP Group has an average rating of Hold and a consensus price target of GBX 693.33 ($9.06).

Shares of SSP Group stock opened at GBX 662 ($8.65) on Thursday. The business has a 50 day moving average of GBX 650.60 and a 200 day moving average of GBX 670.93. SSP Group has a 52 week low of GBX 602 ($7.87) and a 52 week high of GBX 751.07 ($9.81). The company has a market cap of $2.96 billion and a PE ratio of 23.90. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 173.56.

The company also recently announced a dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, March 5th will be paid a GBX 6 ($0.08) dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from SSP Group’s previous dividend of $5.80. SSP Group’s dividend payout ratio (DPR) is presently 0.43%.

In related news, insider Simon Smith sold 56,737 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 657 ($8.58), for a total value of £372,762.09 ($487,079.69).

About SSP Group

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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