Berenberg Bank Reiterates "Hold" Rating for SSP Group (LON:SSPG)

SSP Group (LON:SSPG - Get Free Report)'s stock had its "hold" rating reissued by Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 180 ($2.35) target price on the stock. Berenberg Bank's target price indicates a potential upside of 10.29% from the company's current price.

Several other research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 305 ($3.98) price target on shares of SSP Group in a research note on Thursday, July 4th. Shore Capital reissued a "house stock" rating on shares of SSP Group in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, SSP Group has a consensus rating of "Moderate Buy" and a consensus price target of GBX 268.75 ($3.51).

SSP Group Stock Down 0.1 %

Shares of LON:SSPG traded down GBX 0.20 ($0.00) during trading on Wednesday, reaching GBX 163.20 ($2.13). 742,070 shares of the stock traded hands, compared to its average volume of 2,439,327. The stock has a market cap of £1.30 billion, a P/E ratio of 16,320.00, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 595.27, a quick ratio of 0.66 and a current ratio of 0.35. The stock has a 50-day moving average of GBX 164.92 and a two-hundred day moving average of GBX 175.81. SSP Group has a 52-week low of GBX 142.20 ($1.86) and a 52-week high of GBX 243.20 ($3.18).

Insider Activity at SSP Group

In other news, insider Jonathan Davies sold 33,392 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of GBX 159 ($2.08), for a total value of £53,093.28 ($69,330.48). 0.66% of the stock is 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.