SSP Group PLC (SSPG) Reaches New 52-Week High at $568.00
SSP Group PLC (LON:SSPG) reached a new 52-week high on Thursday . The company traded as high as GBX 568 ($7.47) and last traded at GBX 568 ($7.47), with a volume of 361,229 shares. The stock had previously closed at GBX 560 ($7.36).
SSPG has been the topic of a number of recent research reports. Morgan Stanley downgraded shares of SSP Group PLC to an “underweight” rating and lifted their price target for the stock from GBX 450 ($5.92) to GBX 480 ($6.31) in a research note on Tuesday, September 5th. Shore Capital reiterated a “buy” rating on shares of SSP Group PLC in a research note on Wednesday, July 12th. HSBC Holdings plc initiated coverage on shares of SSP Group PLC in a research note on Wednesday, June 21st. They set a “buy” rating and a GBX 540 ($7.10) price target on the stock. Canaccord Genuity reiterated a “sell” rating and set a GBX 410 ($5.39) price target on shares of SSP Group PLC in a research note on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of SSP Group PLC in a research note on Friday, July 21st. They set a “neutral” rating and a GBX 512 ($6.73) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 491.31 ($6.46).
The stock’s 50-day moving average price is GBX 532.54 and its 200-day moving average price is GBX 490.94. The firm’s market capitalization is GBX 2.70 billion.
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About SSP Group PLC
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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