Shore Capital Reiterates “House Stock” Rating for SSP Group (LON:SSPG)

SSP Group (LON:SSPG)‘s stock had its “house stock” rating reaffirmed by analysts at Shore Capital in a research note issued on Thursday,Digital Look reports.

Several other brokerages have also recently weighed in on SSPG. Berenberg Bank reiterated a “hold” rating and issued a GBX 180 ($2.22) price objective on shares of SSP Group in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on shares of SSP Group from GBX 200 ($2.46) to GBX 210 ($2.59) and gave the company a “neutral” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, SSP Group currently has an average rating of “Moderate Buy” and an average target price of GBX 246.25 ($3.03).

SSP Group Stock Down 2.3 %

Shares of SSPG opened at GBX 169.80 ($2.09) on Thursday. The firm has a market cap of £1.36 billion, a P/E ratio of 16,980.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. SSP Group has a 52 week low of GBX 142.20 ($1.75) and a 52 week high of GBX 235 ($2.89). The firm’s 50-day simple moving average is GBX 172.65 and its 200 day simple moving average is GBX 168.96.

SSP Group (LON:SSPG) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 8.10 ($0.10) EPS for the quarter. SSP Group had a return on equity of 17.67% and a net margin of 0.24%. On average, analysts forecast that SSP Group will post 13.1004016 earnings per share for the current year.

About SSP Group

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.