SSP Group (LON:SSPG) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

SSP Group plc (LON:SSPG - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 165.28 ($2.14) and traded as high as GBX 171.10 ($2.22). SSP Group shares last traded at GBX 167.90 ($2.18), with a volume of 802,497 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on SSPG shares. Berenberg Bank reaffirmed a "hold" rating and set a GBX 180 ($2.33) price objective on shares of SSP Group in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 305 ($3.96) price objective on shares of SSP Group in a research note on Thursday, July 4th. Finally, Shore Capital reaffirmed a "house stock" rating on shares of SSP Group in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, SSP Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 268.75 ($3.49).

SSP Group Trading Down 0.6 %

The firm's 50-day simple moving average is GBX 165.28 and its 200-day simple moving average is GBX 172.50. The firm has a market capitalization of £1.33 billion, a P/E ratio of 16,740.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The company has a quick ratio of 0.66, a current ratio of 0.35 and a debt-to-equity ratio of 595.27.

Insider Buying and Selling at SSP Group

In other news, insider Apurvi Sheth acquired 4,500 shares of the business's stock in a transaction on Monday, October 21st. The shares were acquired at an average cost of GBX 167 ($2.17) per share, with a total value of £7,515 ($9,745.82). In other SSP Group news, insider Jonathan Davies sold 33,392 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 159 ($2.06), for a total value of £53,093.28 ($68,853.95). Also, insider Apurvi Sheth acquired 4,500 shares of the business's stock in a transaction that occurred on Monday, October 21st. The shares were purchased at an average cost of GBX 167 ($2.17) per share, for a total transaction of £7,515 ($9,745.82). Insiders acquired 4,657 shares of company stock valued at $776,540 in the last 90 days. Insiders own 0.66% of the company's stock.

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.