SSP Group PLC (SSPG) PT Raised to GBX 530 at Citigroup Inc
SSP Group PLC (LON:SSPG) had its price target upped by Citigroup Inc from GBX 450 ($5.81) to GBX 530 ($6.84) in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Citigroup Inc’s target price points to a potential upside of 10.58% from the stock’s previous close.
Several other research firms have also recently commented on SSPG. JPMorgan Chase & Co. lifted their target price on SSP Group PLC from GBX 395 ($5.10) to GBX 400 ($5.16) and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley raised their price target on SSP Group PLC from GBX 360 ($4.65) to GBX 450 ($5.81) and gave the stock an “equal weight” rating in a research report on Friday. Kepler Capital Markets raised their price target on SSP Group PLC from GBX 440 ($5.68) to GBX 455 ($5.87) and gave the stock a “hold” rating in a research report on Friday. Deutsche Bank AG restated a “hold” rating and issued a GBX 440 ($5.68) price target on shares of SSP Group PLC in a research report on Tuesday. Finally, Panmure Gordon restated a “hold” rating and issued a GBX 400 ($5.16) price target on shares of SSP Group PLC in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 422.64 ($5.46).
Shares of SSP Group PLC (LON:SSPG) traded up 1.44% during trading on Friday, hitting GBX 479.30. 1,715,010 shares of the stock were exchanged. The stock’s market cap is GBX 2.28 billion. The stock’s 50 day moving average price is GBX 443.63 and its 200 day moving average price is GBX 399.38. SSP Group PLC has a one year low of GBX 260.50 and a one year high of GBX 491.50.
The company also recently declared a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be issued a GBX 3.20 ($0.04) dividend. This represents a dividend yield of 0.68%. This is a positive change from SSP Group PLC’s previous dividend of $2.90. The ex-dividend date of this dividend is Thursday, June 1st.
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SSP Group PLC Company Profile
SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).
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