Rating of The Day: Panmure Gordon Reaffirms GBX 380.00 PT On SSP Group Plc (LON:SSPG), Reaffirms Buy Rating

November 29, 2016 - By Ellis Scott

SSP Group Plc (LON:SSPG) Rating

Research analysts at Panmure Gordon have GBX 380.00 target on SSP Group Plc (LON:SSPG). Panmure Gordon’s target suggests a potential upside of 2.72% from the company’s last stock close price. The rating was revealed in analysts note on 29 November.

SSP Group PLC (LON:SSPG) Ratings Coverage

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 -6.61% below today’s (GBX 370) stock price. SSP Group Plc has been the topic of 52 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, January 11 by UBS. Barclays Capital maintained SSP Group PLC (LON:SSPG) on Friday, January 22 with “Equal Weight” rating. The firm earned “Add” rating on Thursday, March 17 by Numis Securities. The firm has “Overweight” rating given on Friday, November 27 by JP Morgan. The firm has “Hold” rating by Canaccord Genuity given on Friday, October 9. Barclays Capital downgraded the stock to “Equal Weight” rating in Tuesday, December 1 report. The stock has “Overweight” rating given by JP Morgan on Wednesday, July 20. As per Friday, July 24, the company rating was maintained by Canaccord Genuity. The firm has “Equal Weight” rating given on Thursday, November 10 by Barclays Capital. The firm has “Overweight” rating given on Tuesday, November 3 by Barclays Capital.

About 1.67M shares traded hands or 178.19% 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 29.71 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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