SSP Group PLC (SSPG) Given New GBX 415 Price Target at J P Morgan Chase & Co
SSP Group PLC (LON:SSPG) had its price target lifted by J P Morgan Chase & Co from GBX 405 ($5.25) to GBX 415 ($5.38) in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective indicates a potential downside of 14.75% from the stock’s current price.
Several other equities research analysts have also recently weighed in on SSPG. Morgan Stanley upped their price target on SSP Group PLC from GBX 360 ($4.66) to GBX 450 ($5.83) and gave the stock an “equal weight” rating in a research note on Friday, May 19th. Citigroup Inc. increased their target price on SSP Group PLC from GBX 450 ($5.83) to GBX 530 ($6.87) and gave the stock a “buy” rating in a research note on Friday, May 19th. Kepler Capital Markets increased their target price on SSP Group PLC from GBX 440 ($5.70) to GBX 455 ($5.89) and gave the stock a “hold” rating in a research note on Friday, May 19th. Liberum Capital reaffirmed a “buy” rating and set a GBX 540 ($6.99) price target on shares of SSP Group PLC in a report on Wednesday. Finally, Numis Securities Ltd reaffirmed an “add” rating and set a GBX 510 ($6.61) price target on shares of SSP Group PLC in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 450.31 ($5.83).
Shares of SSP Group PLC (SSPG) opened at 494.00 on Thursday. The stock’s 50 day moving average is GBX 480.10 and its 200 day moving average is GBX 428.18. SSP Group PLC has a 12 month low of GBX 291.70 and a 12 month high of GBX 509.00. The firm’s market cap is GBX 2.35 billion.
The company also recently declared a dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 1st were given a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a yield of 0.68%. This is a boost from SSP Group PLC’s previous dividend of $2.90.
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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