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).
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%.
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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).
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