SSP Group PLC (SSPG) Receives Consensus Rating of “Hold” from Analysts
SSP Group PLC (LON:SSPG) has received a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 560.92 ($7.61).
Several equities research analysts have issued reports on the stock. Numis Securities reiterated an “add” rating and set a GBX 560 ($7.59) price objective on shares of SSP Group in a research note on Friday, September 29th. Shore Capital reiterated a “buy” rating on shares of SSP Group in a research note on Wednesday, November 22nd. Liberum Capital reiterated a “buy” rating and set a GBX 600 ($8.14) price objective on shares of SSP Group in a research note on Friday, November 17th. Panmure Gordon reiterated a “hold” rating and set a GBX 500 ($6.78) price objective on shares of SSP Group in a research note on Thursday, October 5th. Finally, downgraded shares of SSP Group to a “hold” rating and set a GBX 540 ($7.32) price objective for the company. in a research note on Wednesday, September 27th.
Shares of SSP Group (SSPG) traded up GBX 5.50 ($0.07) during mid-day trading on Tuesday, reaching GBX 658 ($8.92). 1,127,983 shares of the company traded hands, compared to its average volume of 950,583. SSP Group has a 1 year low of GBX 387 ($5.25) and a 1 year high of GBX 693 ($9.40). The firm has a market capitalization of $3,130.00 and a price-to-earnings ratio of 3,463.16.
In related news, insider Per Utnegaard purchased 7,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were purchased at an average cost of GBX 676 ($9.17) per share, with a total value of £47,996 ($65,088.15). Insiders purchased 7,140 shares of company stock worth $4,824,485 over the last ninety days.
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SSP Group 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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