SSP Group (SSPG) PT Raised to GBX 775 at JPMorgan Chase & Co.

SSP Group (LON:SSPG) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from GBX 743 ($9.71) to GBX 775 ($10.13) in a note issued to investors on Thursday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 20.02% from the company’s previous close.

Other analysts also recently issued reports about the company. Credit Suisse Group began coverage on SSP Group in a research report on Thursday, August 23rd. They set an “underperform” rating and a GBX 600 ($7.84) target price on the stock. Numis Securities boosted 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 research report on Friday, July 27th. Liberum Capital reiterated a “buy” rating on shares of SSP Group in a research report on Wednesday, September 26th. Shore Capital reiterated a “buy” rating on shares of SSP Group in a research report on Thursday, October 4th. Finally, UBS Group upgraded SSP Group to a “neutral” rating and boosted their target price for the stock from GBX 600 ($7.84) to GBX 710 ($9.28) in a research report on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. SSP Group currently has an average rating of “Hold” and an average target price of GBX 687 ($8.98).

SSP Group stock opened at GBX 645.70 ($8.44) on Thursday. SSP Group has a 1-year low of GBX 402.60 ($5.26) and a 1-year high of GBX 693 ($9.06).

About SSP Group

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.

Further Reading: How to calculate the intrinsic value of a stock

Analyst Recommendations for SSP Group (LON:SSPG)

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