Published On: Mon, Sep 12th, 2016

SSP Group PLC (SSPG) Given Overweight Rating at JPMorgan Chase & Co.

SSP Group PLC (LON:SSPG)‘s stock had its “overweight” rating reissued by JPMorgan Chase & Co. in a report issued on Monday. They presently have a GBX 358 ($4.77) price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 11.77% from the stock’s current price.
Several other equities research analysts also recently issued reports on the stock. Barclays PLC restated an “equal weight” rating and set a GBX 280 ($3.73) price objective on shares of SSP Group PLC in a research report on Wednesday, July 20th. Shore Capital restated a “buy” rating on shares of SSP Group PLC in a research report on Tuesday, July 19th. Canaccord Genuity raised their price objective on shares of SSP Group PLC from GBX 320 ($4.26) to GBX 340 ($4.53) and gave the stock a “hold” rating in a research report on Wednesday, May 25th. Morgan Stanley upgraded shares of SSP Group PLC to an “equal weight” rating and raised their price objective for the stock from GBX 300 ($4.00) to GBX 320 ($4.26) in a research report on Thursday, May 19th. Finally, Citigroup Inc. raised their price objective on shares of SSP Group PLC from GBX 350 ($4.66) to GBX 370 ($4.93) and gave the stock a “buy” rating in a research report on Thursday, May 19th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 337.30 ($4.49).
SSP Group PLC (LON:SSPG) traded down 2.6444% during midday trading on Monday, reaching GBX 326.5177. The company had a trading volume of 342,093 shares. SSP Group PLC has a one year low of GBX 260.40 and a one year high of GBX 339.50. The stock’s 50 day moving average is GBX 325.24 and its 200 day moving average is GBX 303.46. The company’s market capitalization is GBX 1.55 billion.

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In other news, insider Swann,Kate acquired 38 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average cost of £124.92 ($166.38) per share, with a total value of £4,746.96 ($6,322.54).
About SSP Group PLC
SSP Group plc is a United Kingdom-based operator of food and beverage outlets. The Company operates a range of outlets from quick service to fine dining. The Company provides a range of food and beverage products to a variety of customers in the travel environment. Its clients include owners and operators of airports and railway stations.

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