Shore Capital Reiterates “House Stock” Rating for SSP Group (LON:SSPG)

SSP Group (LON:SSPG)‘s stock had its “house stock” rating reaffirmed by analysts at Shore Capital in a report issued on Friday, MarketBeat Ratings reports.

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 180 ($2.34) target price on shares of SSP Group in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 268.75 ($3.50).

SSP Group Stock Performance

SSPG opened at GBX 159 ($2.07) on Friday. The business’s 50 day moving average is GBX 163.15 and its 200-day moving average is GBX 170.42. The stock has a market cap of £1.27 billion, a PE ratio of 15,900.00, a price-to-earnings-growth 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. SSP Group has a twelve month low of GBX 142.20 ($1.85) and a twelve month high of GBX 243.20 ($3.17).

Insider Buying and Selling

In related news, insider Jonathan Davies sold 33,392 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of GBX 159 ($2.07), for a total transaction of £53,093.28 ($69,113.88). In other SSP Group news, insider Jonathan Davies sold 33,392 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 159 ($2.07), for a total value of £53,093.28 ($69,113.88). Also, insider Apurvi Sheth purchased 4,500 shares of the company’s stock in a transaction on Monday, October 21st. The stock was bought at an average cost of GBX 167 ($2.17) per share, for a total transaction of £7,515 ($9,782.61). Insiders have bought a total of 4,657 shares of company stock valued at $776,540 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

About SSP Group

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.