SSP Group (LON:SSPG) Stock Passes Below 50 Day Moving Average – Time to Sell?

SSP Group plc (LON:SSPG)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 197.06 and traded as low as GBX 182.50. SSP Group shares last traded at GBX 185.30, with a volume of 39,360,203 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SSPG shares. Berenberg Bank upped their target price on shares of SSP Group from GBX 230 to GBX 240 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Shore Capital Group restated a “house stock” rating on shares of SSP Group in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 262 price objective on shares of SSP Group in a research report on Monday, August 17th. Finally, Citigroup reduced their target price on 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. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 721.17.

SSP Group Stock Performance

The company has a debt-to-equity ratio of 36,503.12, a current ratio of 0.37 and a quick ratio of 0.66. The company has a 50 day simple moving average of GBX 197.04 and a 200-day simple moving average of GBX 184.24. The firm has a market cap of £1.40 billion, a PE ratio of -51.31, a price-to-earnings-growth ratio of -0.77 and a beta of 0.91.

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).