SSP Group (LON:SSPG) Given New GBX 660 Price Target at Goldman Sachs Group

SSP Group (LON:SSPG) had its price target boosted by Goldman Sachs Group from GBX 651 ($8.51) to GBX 660 ($8.62) in a research report sent to investors on Thursday, June 6th, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the stock.

Other analysts have also issued research reports about the stock. Liberum Capital reiterated a buy rating on shares of SSP Group in a research note on Thursday, May 16th. Jefferies Financial Group lowered shares of SSP Group to a hold rating in a research note on Tuesday, April 9th. UBS Group restated a neutral rating on shares of SSP Group in a research report on Friday, May 10th. Finally, Barclays restated an overweight rating on shares of SSP Group in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 696.88 ($9.11).

SSPG stock traded up GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 686 ($8.96). 828,706 shares of the company’s stock traded hands, compared to its average volume of 1,080,000. The firm has a market capitalization of $3.05 billion and a P/E ratio of 26.38. The firm has a fifty day simple moving average of GBX 675.92. The company has a debt-to-equity ratio of 130.95, a quick ratio of 0.59 and a current ratio of 0.65. SSP Group has a 52 week low of GBX 641 ($8.38) and a 52 week high of GBX 784.25 ($10.25).

The company also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 6th were issued a GBX 5.80 ($0.08) dividend. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, June 6th. SSP Group’s payout ratio is 0.42%.

SSP Group Company Profile

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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