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

Berenberg Bank restated their hold rating on shares of SSP Group (LON:SSPG) in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 180 ($2.35) price objective on the stock.

Other equities analysts have also issued research reports about the company. Shore Capital reiterated a “house stock” rating on shares of SSP Group in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 305 ($3.98) price objective on shares of SSP Group in a research report on Thursday, July 4th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 268.75 ($3.51).

SSP Group Stock Up 0.5 %

SSP Group stock opened at GBX 164.05 ($2.14) on Wednesday. The company’s 50-day moving average price is GBX 164.88 and its two-hundred day moving average price is GBX 175.72. The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27. The stock has a market cap of £1.31 billion, a P/E ratio of 16,320.00, a P/E/G ratio of -0.77 and a beta of 1.88. SSP Group has a twelve month low of GBX 142.20 ($1.86) and a twelve month high of GBX 243.20 ($3.18).

Insider Buying and Selling

In other 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 ($2.08), for a total transaction of £53,093.28 ($69,330.48). 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.