SSP Group’s (SSPG) Hold Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of SSP Group (LON:SSPG) in a report issued on Wednesday, MarketBeat reports. Berenberg Bank currently has a GBX 180 ($2.35) price target on the stock.

Other research analysts have also recently issued reports about the company. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 305 ($3.98) target price on shares of SSP Group in a research report on Thursday, July 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 268.75 ($3.51).

SSP Group Price Performance

SSPG stock opened at GBX 164.05 ($2.14) on Wednesday. The stock has a market cap of £1.31 billion, a price-to-earnings ratio of 16,320.00, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66. The company has a 50 day simple moving average of GBX 164.88 and a 200 day simple moving average of GBX 175.72. SSP Group has a 1 year low of GBX 142.20 ($1.86) and a 1 year high of GBX 243.20 ($3.18).

Insider Buying and Selling

In other news, insider Jonathan Davies sold 33,392 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 159 ($2.08), for a total transaction of £53,093.28 ($69,330.48). 0.66% of the stock is owned by corporate insiders.

About SSP Group

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.