November 30, 2016 - By Ellis Scott
London: In analysts note published on Wednesday, 30 November, JP Morgan Cazenove reaffirmed their “Overweight” rating on shares of SSP Group Plc (LON:SSPG). They currently have a GBX 390.00 target price per share on the company. JP Morgan Cazenove’s target means a potential upside of 4.54% from the company’s current price.
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 430 is the highest target while GBX 280 is the lowest. The GBX 350.56 average target is -6.07% below today’s (GBX 373.2) stock price. SSP Group Plc has been the topic of 56 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, November 27 by JP Morgan. The rating was maintained by JP Morgan on Tuesday, March 22 with “Overweight”. The company was maintained on Thursday, November 26 by Shore Capital. The company was maintained on Monday, November 23 by Nomura. Barclays Capital maintained it with “Equal Weight” rating and GBX 280 target price in Wednesday, July 20 report. The rating was maintained by Numis Securities on Thursday, January 28 with “Add”. JP Morgan maintained SSP Group PLC (LON:SSPG) rating on Wednesday, June 29. JP Morgan has “Overweight” rating and GBX 357 price target. The stock has “Overweight” rating given by JP Morgan on Wednesday, February 10. The firm earned “Hold” rating on Friday, October 9 by Canaccord Genuity. On Friday, November 27 the stock rating was maintained by Barclays Capital with “Overweight”.
About 182,388 shares traded hands. SSP Group PLC (LON:SSPG) has risen 30.08% since May 3, 2016 and is uptrending. It has outperformed by 24.86% 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 1.77 billion GBP. The Firm operates through four divisions: the UK, Continental Europe, North America and Rest of the World . It has a 29.96 P/E ratio. The UK segment includes activities in the United Kingdom and the Republic of Ireland.
More news for SSP Group PLC (LON:SSPG) were recently published by: Uk.Finance.Yahoo.com, which released: “SSP Group plc (SSPG.L)” on July 11, 2014. Fool.Co.Uk‘s article titled: “Is SSP Group PLC A Better Buy Than Tesco PLC And WH Smith Plc?” and published on August 07, 2015 is yet another important article.
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By Ellis Scott