Ssp Group (LON:SSPG) Stock Upgrade
In a note issued to clients on Tuesday, 1 December, Nomura has raised shares of Ssp Group (LON:SSPG) stock to a solid “Buy” and has published an estimated 52-week TP to GBX 420.00. This target is 38.02% from SSPG’s current share price.
From a total of 13 analysts covering SSP Group Plc (LON:SSPG) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is GBX 350 while the lowest target price is GBX 279. The mean of all analyst targets is GBX 319 with a 6.84% above today’s (GBX 304.98) stock price. SSP Group Plc was the topic of 22 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Nomura downgraded shares on December 1 to “Neutral” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 300 target share price in a report from a November 26. JP Morgan maintained SSPG stock in a recent report from November 27 with “Overweight” rating. Finally, Numis Securities maintained the stock with “Add” rating in a report issued on a November 26.
The stock decreased 2.97% or GBX 9.32 on December 1, striking GBX 304.98. Approximately 705,561 shares of stock traded hands or 66.32% up from the average. SSP Group PLC (LON:SSPG) has risen 5.26% since May 4, 2015 and is uptrending. It has outperformed by 6.88% the S&P500.
SSP Group plc is a United Kingdom-based operator of food and beverage outlets. The company has a market cap of 1.44 billion GBP. The Firm operates a range of outlets from quick service to fine dining. It has 27.2 P/E ratio. The Firm provides a range of food and beverage products to a variety of clients in the travel environment.