SSP Group (LON:SSPG) Share Price Passes Below Two Hundred Day Moving Average of $187.49

SSP Group plc (LON:SSPG)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 187.49 ($2.47) and traded as low as GBX 159.10 ($2.09). SSP Group shares last traded at GBX 160.40 ($2.11), with a volume of 1,017,622 shares.

Wall Street Analyst Weigh In

SSPG has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 305 ($4.01) target price on shares of SSP Group in a research note on Thursday, July 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of SSP Group from GBX 320 ($4.21) to GBX 300 ($3.94) and set an “overweight” rating for the company in a research note on Tuesday, May 28th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 296.25 ($3.90).

SSP Group Stock Down 1.3 %

The stock has a market cap of £1.28 billion, a P/E ratio of 16,040.00, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a current ratio of 0.35, a quick ratio of 0.66 and a debt-to-equity ratio of 595.27. The firm’s fifty day moving average is GBX 169.38 and its 200 day moving average is GBX 187.21.

SSP Group Company Profile

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.