SSP Group (LON:SSPG) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of SSP Group (LON:SSPGGet Rating) in a research report sent to investors on Wednesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 300 ($3.78) price objective on the stock.

Several other equities research analysts also recently commented on SSPG. JPMorgan Chase & Co. assumed coverage on SSP Group in a report on Thursday, March 3rd. They set an overweight rating and a GBX 370 ($4.66) target price on the stock. Deutsche Bank Aktiengesellschaft restated a hold rating and set a GBX 265 ($3.33) price objective on shares of SSP Group in a report on Wednesday. Morgan Stanley restated an overweight rating on shares of SSP Group in a report on Wednesday, May 11th. Peel Hunt restated a buy rating and set a GBX 350 ($4.40) price objective on shares of SSP Group in a report on Tuesday, May 24th. Finally, Shore Capital reiterated a buy rating on shares of SSP Group in a research report on Tuesday, May 24th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Buy and an average target price of GBX 338.75 ($4.26).

Shares of LON:SSPG opened at GBX 275.60 ($3.47) on Wednesday. The company has a market cap of £2.19 billion and a P/E ratio of -17.67. The company has a debt-to-equity ratio of 558.60, a quick ratio of 0.70 and a current ratio of 0.74. SSP Group has a one year low of GBX 205.20 ($2.58) and a one year high of GBX 340.80 ($4.29). The business’s 50-day simple moving average is GBX 235.26 and its 200 day simple moving average is GBX 248.76.

In other news, insider Patrick Coveney purchased 630,000 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was acquired at an average price of GBX 255 ($3.21) per share, with a total value of £1,606,500 ($2,021,517.55).

About SSP Group (Get Rating)

SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It operates approximately 550 brands in 36 countries in the United Kingdom, Europe, North America, and internationally. SSP Group plc was incorporated in 2006 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for SSP Group (LON:SSPG)

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