SSP Group PLC (SSPG) Receives Average Recommendation of “Hold” from Analysts
Shares of SSP Group PLC (LON:SSPG) have received an average rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 440.33 ($5.60).
Several equities research analysts have recently weighed in on SSPG shares. Canaccord Genuity upped their price target on shares of SSP Group PLC from GBX 375 ($4.77) to GBX 410 ($5.21) and gave the stock a “sell” rating in a research report on Wednesday, May 24th. Panmure Gordon cut shares of SSP Group PLC to a “hold” rating and set a GBX 400 ($5.09) price target for the company. in a research report on Friday, April 21st. Shore Capital reaffirmed a “buy” rating on shares of SSP Group PLC in a research report on Thursday, May 18th. HSBC Holdings plc started coverage on shares of SSP Group PLC in a research report on Wednesday, June 21st. They issued a “buy” rating and a GBX 540 ($6.87) price target for the company. Finally, Deutsche Bank AG started coverage on shares of SSP Group PLC in a research report on Wednesday, April 26th. They issued a “hold” rating and a GBX 440 ($5.60) price target for the company.
SSP Group PLC (LON SSPG) opened at 477.10 on Friday. The company’s market capitalization is GBX 2.27 billion. The company has a 50-day moving average of GBX 479.80 and a 200-day moving average of GBX 427.85. SSP Group PLC has a 1-year low of GBX 272.00 and a 1-year high of GBX 509.00.
The company also recently disclosed a dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 1st will be paid a dividend of GBX 3.20 ($0.04) per share. This represents a dividend yield of 0.68%. The ex-dividend date is Thursday, June 1st. This is a positive change from SSP Group PLC’s previous dividend of $2.90.
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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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