SSP Group PLC (SSPG) Coverage Initiated at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) began coverage on shares of SSP Group PLC (LON:SSPG) in a report issued on Friday, July 21st, Marketbeat reports. The brokerage issued a neutral rating and a GBX 512 ($6.67) price objective on the stock.

A number of other brokerages also recently issued reports on SSPG. Morgan Stanley lifted their price target on SSP Group PLC from GBX 360 ($4.69) to GBX 450 ($5.86) and gave the company an equal weight rating in a research report on Friday, May 19th. Citigroup Inc. lifted their price target on SSP Group PLC from GBX 450 ($5.86) to GBX 530 ($6.90) and gave the company a buy rating in a research report on Friday, May 19th. Kepler Capital Markets lifted their price target on SSP Group PLC from GBX 440 ($5.73) to GBX 455 ($5.93) and gave the company a hold rating in a research report on Friday, May 19th. Liberum Capital reiterated a buy rating and set a GBX 540 ($7.03) price target on shares of SSP Group PLC in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co lifted their price target on SSP Group PLC from GBX 405 ($5.27) to GBX 415 ($5.40) and gave the company a neutral rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 472.85 ($6.16).

Shares of SSP Group PLC (LON SSPG) traded down 0.47% on Friday, reaching GBX 533.50. The company’s stock had a trading volume of 535,388 shares. The stock’s market cap is GBX 2.54 billion. SSP Group PLC has a 12 month low of GBX 312.00 and a 12 month high of GBX 536.00. The firm’s 50-day moving average price is GBX 495.81 and its 200-day moving average price is GBX 451.11.

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SSP Group PLC Company Profile

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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