SSP Group PLC (LON:SSPG) has been given an average rating of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 655.33 ($8.56).
Several research analysts have weighed in on SSPG shares. Deutsche Bank reiterated a “hold” rating on shares of SSP Group in a report on Wednesday, July 18th. Numis Securities lifted their target price on SSP Group from GBX 740 ($9.67) to GBX 760 ($9.93) and gave the stock an “add” rating in a report on Friday, July 27th. Credit Suisse Group assumed coverage on SSP Group in a research note on Thursday, August 23rd. They issued an “underperform” rating and a GBX 600 ($7.84) price target on the stock. UBS Group raised SSP Group to a “neutral” rating and lifted their price target for the company from GBX 600 ($7.84) to GBX 710 ($9.28) in a research note on Wednesday, September 19th. Finally, Liberum Capital reissued a “buy” rating on shares of SSP Group in a research note on Wednesday, September 26th.
Shares of LON:SSPG traded down GBX 5 ($0.07) during midday trading on Monday, hitting GBX 696.30 ($9.10). The company had a trading volume of 376,636 shares, compared to its average volume of 1,080,000. SSP Group has a 12 month low of GBX 402.60 ($5.26) and a 12 month high of GBX 693 ($9.06).
SSP Group plc operates food and beverage outlets. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and sports stadia and shopping areas. It operates approximately 450 brands through a portfolio of 2,500 outlets, including coffee shops, sandwich bars, bakeries, and casual and fine-dining restaurants, as well as convenience and retail outlets in travel locations in approximately 30 countries in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East.
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