SSP Group PLC (SSPG) Stock Rating Lowered by Canaccord Genuity

SSP Group PLC (LON:SSPG) was downgraded by equities researchers at Canaccord Genuity to a “sell” rating in a note issued to investors on Tuesday. They presently have a GBX 375 ($4.69) price objective on the stock, up from their previous price objective of GBX 360 ($4.50). Canaccord Genuity’s price target would indicate a potential downside of 8.58% from the stock’s current price.

A number of other analysts have also commented on the stock. Numis Securities Ltd restated a “buy” rating and set a GBX 390 ($4.87) price target on shares of SSP Group PLC in a research note on Wednesday, November 23rd. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 400 ($5.00) price target on shares of SSP Group PLC in a research note on Friday, January 27th. Kepler Capital Markets started coverage on shares of SSP Group PLC in a research note on Monday, December 12th. They set a “hold” rating and a GBX 384 ($4.80) price target for the company. Shore Capital restated a “buy” rating on shares of SSP Group PLC in a research note on Thursday, January 26th. Finally, Jefferies Group LLC restated a “buy” rating and set a GBX 450 ($5.62) price target on shares of SSP Group PLC in a research note on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 382.80 ($4.78).

Analyst Recommendations for SSP Group PLC (LON:SSPG)

Shares of SSP Group PLC (LON:SSPG) traded up 0.10% during trading on Tuesday, hitting GBX 410.60. 472,268 shares of the stock traded hands. The stock’s market cap is GBX 1.95 billion. SSP Group PLC has a 1-year low of GBX 260.50 and a 1-year high of GBX 428.60. The stock has a 50 day moving average price of GBX 393.82 and a 200-day moving average price of GBX 350.55.

The business also recently declared a dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 2nd will be given a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date of this dividend is Thursday, March 2nd. This is a boost from SSP Group PLC’s previous dividend of $2.50. This represents a dividend yield of 0.78%.

This story was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this story can be read at http://sleekmoney.com/ssp-group-plcs-sspg-sell-rating-reaffirmed-at-canaccord-genuity/1661928.html.

SSP Group PLC Company Profile

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 operates through four segments: the UK, Continental Europe, North America and Rest of the World (RoW).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/ssp-group-plcs-sspg-sell-rating-reaffirmed-at-canaccord-genuity/1661928.html

Receive News & Ratings for SSP Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSP Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *