SSP Group (LON:SSPG) Raised to Buy at HSBC

HSBC upgraded shares of SSP Group (LON:SSPG) to a buy rating in a research note issued to investors on Thursday morning, Stock Target Advisor reports.

A number of other analysts have also issued reports on SSPG. Canaccord Genuity reiterated a hold rating and issued a GBX 680 ($8.89) price target on shares of SSP Group in a report on Wednesday, November 20th. UBS Group reissued a neutral rating and issued a GBX 680 ($8.89) price objective (down previously from GBX 695 ($9.08)) on shares of SSP Group in a research note on Thursday, November 28th. Liberum Capital restated a buy rating on shares of SSP Group in a report on Wednesday, November 20th. Barclays reaffirmed an overweight rating on shares of SSP Group in a research report on Wednesday, November 27th. Finally, Shore Capital reiterated a buy rating on shares of SSP Group in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. SSP Group currently has an average rating of Hold and an average target price of GBX 693.33 ($9.06).

Shares of LON:SSPG traded up GBX 4 ($0.05) during trading on Thursday, reaching GBX 664 ($8.68). 1,021,882 shares of the company were exchanged, compared to its average volume of 1,080,000. The firm has a market capitalization of $2.95 billion and a PE ratio of 23.97. The business’s fifty day simple moving average is GBX 650.60 and its 200-day simple moving average is GBX 670.93. SSP Group has a 12-month low of GBX 602 ($7.87) and a 12-month high of GBX 751.07 ($9.81). The company has a debt-to-equity ratio of 173.56, a current ratio of 0.67 and a quick ratio of 0.61.

The firm also recently announced a dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 5th will be given a dividend of GBX 6 ($0.08) per share. This is an increase from SSP Group’s previous dividend of $5.80. The ex-dividend date is Thursday, March 5th. This represents a yield of 0.95%. SSP Group’s dividend payout ratio (DPR) is 0.43%.

In other news, insider Simon Smith sold 56,737 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of GBX 657 ($8.58), for a total value of £372,762.09 ($487,079.69).

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.

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Analyst Recommendations for SSP Group (LON:SSPG)

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