JPMorgan Chase & Co. Forecasts Strong Price Appreciation for SSP Group (LON:SSPG) Stock

SSP Group (LON:SSPG) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from GBX 200 ($2.52) to GBX 210 ($2.65) in a report released on Thursday, MarketBeat reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.72% from the stock’s current price.

Several other analysts also recently commented on SSPG. Berenberg Bank restated a “hold” rating and issued a GBX 180 ($2.27) target price on shares of SSP Group in a research note on Wednesday, October 16th. Shore Capital reissued a “house stock” rating on shares of SSP Group in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 246.25 ($3.11).

SSP Group Trading Down 1.3 %

LON:SSPG opened at GBX 186.30 ($2.35) on Thursday. SSP Group has a 12 month low of GBX 142.20 ($1.79) and a 12 month high of GBX 243.20 ($3.07). 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 stock has a market capitalization of £1.49 billion, a price-to-earnings ratio of 18,666.00, a PEG ratio of -0.77 and a beta of 1.88. The firm has a fifty day simple moving average of GBX 165.44 and a two-hundred day simple moving average of GBX 165.61.

Insider Buying and Selling at SSP Group

In related news, insider Apurvi Sheth acquired 4,500 shares of the company’s stock in a transaction on Monday, October 21st. The shares were acquired at an average cost of GBX 167 ($2.11) per share, for a total transaction of £7,515 ($9,485.04). Also, insider Jonathan Davies sold 33,392 shares of SSP Group stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 159 ($2.01), for a total transaction of £53,093.28 ($67,011.59). In the last quarter, insiders purchased 4,724 shares of company stock worth $789,002. 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.