Goldman Sachs Group upgraded shares of SSP Group (LON:SSPG) to a neutral rating in a research note issued to investors on Tuesday, Stock Target Advisor reports.
SSPG has been the topic of several other reports. HSBC reduced their target price on SSP Group from GBX 800 ($10.52) to GBX 650 ($8.55) and set a buy rating on the stock in a report on Tuesday, March 3rd. Liberum Capital reduced their target price on SSP Group from GBX 780 ($10.26) to GBX 700 ($9.21) and set a buy rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on SSP Group from GBX 790 ($10.39) to GBX 730 ($9.60) and set an overweight rating on the stock in a report on Tuesday, March 17th. Shore Capital reissued a buy rating on shares of SSP Group in a report on Wednesday, February 26th. Finally, Kepler Capital Markets raised SSP Group to a buy rating and reduced their target price for the stock from GBX 650 ($8.55) to GBX 400 ($5.26) in a report on Monday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 629.44 ($8.28).
Shares of SSPG opened at GBX 289 ($3.80) on Tuesday. The company has a market capitalization of $1.32 billion and a P/E ratio of 10.43. The company has a debt-to-equity ratio of 173.56, a current ratio of 0.67 and a quick ratio of 0.51. SSP Group has a one year low of GBX 136.80 ($1.80) and a one year high of GBX 751.07 ($9.88). The business’s 50 day simple moving average is GBX 494.27 and its 200-day simple moving average is GBX 614.55.
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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