SSP Group’s (SSPG) Hold Rating Reaffirmed at Berenberg Bank

SSP Group (LON:SSPG)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, LSE.Co.UK reports. They currently have a GBX 180 ($2.35) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 10.29% from the company’s current price.

Several other brokerages also recently issued reports on SSPG. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 305 ($3.98) price objective on shares of SSP Group in a research report on Thursday, July 4th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, SSP Group currently has an average rating of “Moderate Buy” and an average target price of GBX 268.75 ($3.51).

SSP Group Trading Down 0.1 %

Shares of LON:SSPG traded down GBX 0.20 ($0.00) during trading on Wednesday, reaching GBX 163.20 ($2.13). The stock had a trading volume of 2,590,957 shares, compared to its average volume of 2,439,327. The firm’s fifty day moving average is GBX 164.92 and its 200 day moving average is GBX 175.81. SSP Group has a 52 week low of GBX 142.20 ($1.86) and a 52 week high of GBX 243.20 ($3.18). The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. The stock has a market cap of £1.30 billion, a price-to-earnings ratio of 16,320.00, a P/E/G ratio of -0.77 and a beta of 1.88.

Insider Buying and Selling

In other SSP Group news, insider Jonathan Davies sold 33,392 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.08), for a total value of £53,093.28 ($69,330.48). 0.66% of the stock is owned by corporate 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.