SSP Group (LON:SSPG) Stock Passes Above 50-Day Moving Average – Here’s What Happened

SSP Group plc (LON:SSPG) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 176.11 and traded as high as GBX 189. SSP Group shares last traded at GBX 185.20, with a volume of 980,942 shares trading hands.

Wall Street Analyst Weigh In

SSPG has been the subject of a number of analyst reports. 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 report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a research report on Wednesday, May 20th. UBS Group reiterated a “neutral” rating and set a GBX 180 price objective on shares of SSP Group in a research note on Monday, May 18th. Berenberg Bank reiterated a “buy” rating and set a GBX 230 price target on shares of SSP Group in a research note on Thursday, May 21st. Finally, Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a report on Tuesday, May 19th. Four research 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.com, SSP Group has an average rating of “Moderate Buy” and an average price target of GBX 719.50.

SSP Group Trading Down 1.4%

The company has a current ratio of 0.37, a quick ratio of 0.66 and a debt-to-equity ratio of 36,503.12. The firm has a market cap of £1.42 billion, a price-to-earnings ratio of -51.44, a PEG ratio of -0.77 and a beta of 0.91. The company has a fifty day moving average price of GBX 176.11 and a 200-day moving average price of GBX 183.04.

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