Shore Capital Reaffirms House Stock Rating for SSP Group (LON:SSPG)

SSP Group (LON:SSPG)‘s stock had its “house stock” rating reaffirmed by analysts at Shore Capital in a research note issued to investors on Monday, Marketbeat.com reports.

Several other research firms have also issued reports on SSPG. Deutsche Bank Aktiengesellschaft cut their price target on shares of SSP Group from GBX 285 to GBX 262 and set a “buy” rating on the stock in a report on Thursday, September 25th. Citigroup boosted their target price on SSP Group from GBX 310 to GBX 350 and gave the stock a “buy” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. reduced their target price on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 190 price target on shares of SSP Group in a report on Tuesday, October 14th. Finally, Peel Hunt restated a “buy” rating and set a GBX 275 price target on shares of SSP Group in a research note on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 244.50.

SSP Group Stock Performance

Shares of SSP Group stock opened at GBX 192 on Monday. The company has a market capitalization of £1.52 billion, a PE ratio of -20.65, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a 50-day simple moving average of GBX 179.61 and a two-hundred day simple moving average of GBX 168.87. SSP Group has a one year low of GBX 134.10 and a one year high of GBX 212.20. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44.

SSP Group (LON:SSPG) last released its quarterly earnings results on Thursday, December 4th. The company reported GBX 11 earnings per share for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. Research analysts expect that SSP Group will post 13.1004016 EPS for the current fiscal year.

SSP Group declared that its Board of Directors has authorized a stock buyback program on Thursday, October 9th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Tim Lodge acquired 15,000 shares of SSP Group stock in a transaction on Thursday, December 4th. The stock was acquired at an average price of GBX 172 per share, for a total transaction of £25,800. Also, insider Apurvi Sheth acquired 4,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was bought at an average cost of GBX 165 per share, with a total value of £6,600. Over the last three months, insiders bought 227,675 shares of company stock worth $38,884,478. Company insiders own 1.01% of the company’s stock.

SSP Group Company Profile

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands. These include our own brands (such as UrbanCrave, which brought the first “street eats” concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).