SSP Group (LON:SSPG) Price Target Cut to GBX 730
SSP Group (LON:SSPG) had its price target cut by stock analysts at JPMorgan Chase & Co. from GBX 790 ($10.39) to GBX 730 ($9.60) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 274.36% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity restated a “hold” rating and set a GBX 680 ($8.95) price objective on shares of SSP Group in a report on Wednesday, November 20th. Morgan Stanley upgraded SSP Group to an “overweight” rating in a report on Wednesday, December 11th. Barclays reduced their price objective on SSP Group from GBX 735 ($9.67) to GBX 670 ($8.81) and set an “overweight” rating for the company in a report on Thursday, February 27th. Citigroup restated a “buy” rating and set a GBX 740 ($9.73) price objective (up previously from GBX 720 ($9.47)) on shares of SSP Group in a report on Friday, January 31st. Finally, Liberum Capital reduced their price objective on SSP Group from GBX 780 ($10.26) to GBX 700 ($9.21) and set a “buy” rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. SSP Group currently has a consensus rating of “Buy” and an average price target of GBX 680.56 ($8.95).
Shares of LON:SSPG traded up GBX 44.20 ($0.58) during trading on Tuesday, reaching GBX 195 ($2.57). 4,871,873 shares of the stock were exchanged, compared to its average volume of 1,080,000. SSP Group has a 12 month low of GBX 383.50 ($5.04) and a 12 month high of GBX 751.07 ($9.88). The firm has a market cap of $750.67 million and a PE ratio of 7.04. The stock has a 50-day moving average price of GBX 553.85 and a 200-day moving average price of GBX 631.37. The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 173.56.
SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.
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