SSP Group (LON:SSPG) Price Target Raised to GBX 210

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

SSPG has been the topic of several other research reports. Shore Capital reaffirmed a “house stock” rating on shares of SSP Group in a research report on Wednesday, December 4th. Berenberg Bank restated a “hold” rating and set a GBX 180 ($2.27) price target on shares of SSP Group in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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. The business’s fifty day moving average is GBX 165.44 and its 200-day moving average is GBX 165.61. The company has a debt-to-equity ratio of 595.27, a current ratio of 0.35 and a quick ratio of 0.66. 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. SSP Group has a one year low of GBX 142.20 ($1.79) and a one year high of GBX 243.20 ($3.07).

Insiders Place Their Bets

In other SSP Group news, insider Jonathan Davies sold 33,392 shares of the 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). Also, insider Apurvi Sheth purchased 4,500 shares of SSP Group stock in a transaction dated Monday, October 21st. The stock was bought at an average price of GBX 167 ($2.11) per share, with a total value of £7,515 ($9,485.04). Insiders acquired 4,724 shares of company stock worth $789,002 over the last quarter. 0.66% of the stock is currently owned by company insiders.

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.