SSP Group PLC (LON:SSPG) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $680.65 and traded as low as $703.00. SSP Group shares last traded at $710.00, with a volume of 375,046 shares.
SSPG has been the subject of several recent analyst reports. UBS Group reissued a “neutral” rating and issued a GBX 715 ($9.34) price target (up previously from GBX 685 ($8.95)) on shares of SSP Group in a report on Wednesday, May 22nd. Jefferies Financial Group downgraded SSP Group to a “hold” rating in a report on Tuesday, April 9th. Shore Capital reissued a “buy” rating on shares of SSP Group in a report on Friday, July 19th. Liberum Capital reissued a “buy” rating on shares of SSP Group in a report on Friday, July 19th. Finally, HSBC reaffirmed a “hold” rating on shares of SSP Group in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 696.88 ($9.11).
The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 130.95. The stock has a market capitalization of $3.16 billion and a PE ratio of 27.31. The firm has a fifty day moving average price of GBX 681.81.
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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