SSP Group (LON:SSPG) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of SSP Group plc (LON:SSPG) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 171.78 and traded as high as GBX 180.90. SSP Group shares last traded at GBX 176.22, with a volume of 2,696,086 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on SSPG. Citigroup decreased their target price on shares of SSP Group from GBX 3,600 to GBX 3,200 and set a “buy” rating for the company in a research note on Monday, June 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 230 target price on shares of SSP Group in a research note on Thursday, May 21st. UBS Group reiterated a “neutral” rating and set a GBX 180 target price on shares of SSP Group in a research note on Monday, May 18th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 262 target price on shares of SSP Group in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SSP Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 719.50.

SSP Group Stock Performance

The firm has a market capitalization of £1.36 billion, a PE ratio of -48.95, a price-to-earnings-growth ratio of -0.77 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.13. The business’s 50 day simple moving average is GBX 171.78 and its two-hundred day simple moving average is GBX 181.81.

SSP Group (LON:SSPG) last announced its earnings results on Tuesday, May 19th. The company reported GBX (2) earnings per share for the quarter. The company had revenue of GBX 176.34 billion for the quarter. SSP Group had a negative net margin of 0.78% and a negative return on equity of 65.76%. Research analysts expect that SSP Group plc will post 13.1004016 earnings per share for the current fiscal year.

About SSP Group

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).