Numis Securities Ltd Initiates Coverage on SSP Group PLC (SSPG)
Analysts at Numis Securities Ltd started coverage on shares of SSP Group PLC (LON:SSPG) in a report released on Monday. The brokerage set a “buy” rating and a GBX 390 ($4.83) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 20.97% from the stock’s current price.
A number of other equities analysts have also weighed in on SSPG. JPMorgan Chase & Co. upped their target price on SSP Group PLC from GBX 358 ($4.43) to GBX 366 ($4.53) and gave the stock an “overweight” rating in a research report on Wednesday, September 14th. Panmure Gordon upped their target price on SSP Group PLC from GBX 350 ($4.33) to GBX 380 ($4.70) and gave the stock a “buy” rating in a research report on Thursday, September 15th. Barclays PLC lowered their target price on SSP Group PLC from GBX 314 ($3.89) to GBX 280 ($3.47) and set an “equal weight” rating on the stock in a research report on Wednesday, June 29th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SSP Group PLC in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 345.10 ($4.27).
SSP Group PLC (LON:SSPG) traded up 1.90% during trading on Monday, reaching GBX 322.40. 649,159 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is GBX 323.34 and its 200-day moving average price is GBX 309.06. SSP Group PLC has a 12 month low of GBX 260.40 and a 12 month high of GBX 339.50. The firm’s market cap is GBX 1.53 billion.
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In related news, insider Swann,Kate purchased 38 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average cost of £124.92 ($154.60) per share, with a total value of £4,746.96 ($5,874.95).
SSP Group PLC Company Profile
SSP Group plc is a United Kingdom-based operator of food and beverage outlets. The Company operates a range of outlets from quick service to fine dining. The Company provides a range of food and beverage products to a variety of customers in the travel environment. Its clients include owners and operators of airports and railway stations.
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