SSP Group PLC (LON:SSPG) had its price target boosted by equities researchers at Kepler Capital Markets from GBX 404 ($5.26) to GBX 440 ($5.72) in a report released on Tuesday, May 9th. The firm currently has a “hold” rating on the stock. Kepler Capital Markets’ price objective would indicate a potential downside of 8.98% from the company’s previous close.
A number of other equities analysts have also issued reports on SSPG. Deutsche Bank AG assumed coverage on SSP Group PLC in a report on Wednesday, April 26th. They issued a “hold” rating and a GBX 440 ($5.72) price objective for the company. Jefferies Group LLC reissued a “buy” rating and issued a GBX 450 ($5.85) price objective on shares of SSP Group PLC in a report on Thursday, February 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 400 ($5.20) price objective on shares of SSP Group PLC in a report on Friday, January 27th. Shore Capital reissued a “buy” rating on shares of SSP Group PLC in a report on Thursday, January 26th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 400 ($5.20) price objective on shares of SSP Group PLC in a report on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 431.27 ($5.61).
Shares of SSP Group PLC (LON:SSPG) opened at 483.40 on Tuesday. The firm’s 50-day moving average price is GBX 449.17 and its 200-day moving average price is GBX 403.30. The firm’s market capitalization is GBX 2.30 billion. SSP Group PLC has a 52-week low of GBX 260.50 and a 52-week high of GBX 491.50.
The business also recently disclosed a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be given a dividend of GBX 3.20 ($0.04) per share. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, June 1st. This is an increase from SSP Group PLC’s previous dividend of $2.90.
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About SSP Group PLC
SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company’s segments are the UK, Continental Europe, North America and the Rest of the World (RoW).
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