SSP Group (SSPG) Upgraded at JPMorgan Chase & Co.
SSP Group (LON:SSPG) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a research note issued to investors on Friday. The brokerage presently has a GBX 760 ($10.31) target price on the stock, up from their previous target price of GBX 520 ($7.05). JPMorgan Chase & Co.’s price objective would indicate a potential upside of 14.63% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of SSP Group in a research report on Wednesday, November 22nd. Barclays reaffirmed an “overweight” rating and issued a GBX 625 ($8.48) target price on shares of SSP Group in a research report on Monday, November 6th. Morgan Stanley raised their target price on SSP Group from GBX 480 ($6.51) to GBX 530 ($7.19) and gave the stock an “underweight” rating in a research report on Thursday, November 23rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 600 ($8.14) target price on shares of SSP Group in a research report on Friday, November 17th. Finally, Numis Securities reaffirmed an “add” rating and issued a GBX 670 ($9.09) target price on shares of SSP Group in a research report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. SSP Group presently has an average rating of “Hold” and an average price target of GBX 560.92 ($7.61).
SSP Group (LON SSPG) traded up GBX 34 ($0.46) on Friday, hitting GBX 663 ($8.99). The stock had a trading volume of 1,964,498 shares, compared to its average volume of 932,701. SSP Group has a 12 month low of GBX 387 ($5.25) and a 12 month high of GBX 693 ($9.40). The company has a market capitalization of $3,150.00 and a PE ratio of 3,489.47.
ILLEGAL ACTIVITY NOTICE: “SSP Group (SSPG) Upgraded at JPMorgan Chase & Co.” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/14/ssp-group-sspg-upgraded-at-jpmorgan-chase-co.html.
About SSP Group
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).
Receive News & Ratings for SSP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSP Group and related companies with MarketBeat.com's FREE daily email newsletter.