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

Shares of SSP Group plc (LON:SSPG) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 165.28 ($2.14) and traded as high as GBX 171.10 ($2.22). SSP Group shares last traded at GBX 167.90 ($2.18), with a volume of 802,497 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Berenberg Bank reiterated a “hold” rating and set a GBX 180 ($2.33) price objective on shares of SSP Group in a research note on Wednesday, October 16th. Shore Capital restated a “house stock” rating on shares of SSP Group in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 305 ($3.96) target price on shares of SSP Group in a report on Thursday, July 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 268.75 ($3.49).

SSP Group Trading Down 1.2 %

The stock has a market cap of £1.34 billion, a P/E ratio of 16,790.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The stock’s 50-day moving average is GBX 165.28 and its two-hundred day moving average is GBX 172.50. The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66.

Insider Buying and Selling at SSP Group

In other news, insider Apurvi Sheth acquired 4,500 shares of SSP Group stock in a transaction on Monday, October 21st. The shares were acquired at an average price of GBX 167 ($2.17) per share, with a total value of £7,515 ($9,745.82). In other SSP Group news, insider Apurvi Sheth acquired 4,500 shares of the company’s stock in a transaction on Monday, October 21st. The stock was acquired at an average cost of GBX 167 ($2.17) per share, with a total value of £7,515 ($9,745.82). Also, insider Jonathan Davies sold 33,392 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.06), for a total transaction of £53,093.28 ($68,853.95). Insiders purchased 4,657 shares of company stock valued at $776,540 in the last 90 days. Insiders own 0.66% of the company’s stock.

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.