November 29, 2016 - By Linda Rogers
In a note sent to investors on today, Canaccord Genuity reiterated their Hold rating on SSP Group Plc (LON:SSPG)‘s stock. The target price per share gives a potential downside of -2.69% from company’s previous stock close.
Out of 10 analysts covering SSP Group Plc (LON:SSPG), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. GBX 390 is the highest target while GBX 280 is the lowest. The GBX 345.56 average target is -6.76% below today’s (GBX 370.6) stock price. SSP Group Plc has been the topic of 52 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of SSP Group PLC (LON:SSPG) has “Equal Weight” rating given on Friday, January 22 by Barclays Capital. JP Morgan maintained the stock with “Overweight” rating in Friday, October 21 report. The firm has “Add” rating given on Wednesday, November 18 by Numis Securities. The rating was maintained by JP Morgan on Monday, August 1 with “Overweight”. The firm has “Overweight” rating given on Monday, September 14 by JP Morgan. The firm earned “Buy” rating on Friday, September 4 by Citigroup. JP Morgan maintained it with “Overweight” rating and GBX 345 target price in Wednesday, February 10 report. JP Morgan maintained SSP Group PLC (LON:SSPG) on Wednesday, July 20 with “Overweight” rating. The stock of SSP Group PLC (LON:SSPG) has “Equal Weight” rating given on Monday, February 1 by Barclays Capital. Numis Securities maintained SSP Group PLC (LON:SSPG) rating on Thursday, November 26. Numis Securities has “Add” rating and GBX 350 price target.
About 1.70M shares traded hands or 183.19% up from the average. SSP Group PLC (LON:SSPG) has risen 18.80% since April 29, 2016 and is uptrending. It has outperformed by 13.54% the S&P500.
SSP Group plc operates food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. The company has a market cap of 1.76 billion GBP. The Firm operates through four divisions: the UK, Continental Europe, North America and Rest of the World . It has a 29.76 P/E ratio. The UK segment includes activities in the United Kingdom and the Republic of Ireland.
Another recent and important SSP Group PLC (LON:SSPG) news was published by Uk.Finance.Yahoo.com which published an article titled: “SSP Group plc (SSPG.L)” on July 11, 2014.
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By Linda Rogers