The stock of SSP Group PLC (LON:SSPG) reached all time high today, Nov, 3 and still has GBX 477.25 target or 40.00% above today’s GBX 340.89 share price. This indicates more upside for the GBX 1.62B company. This technical setup was reported by Barchart.com. If the GBX 477.25 PT is reached, the company will be worth GBX 648.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.32% or GBX 1.09 on November 3, hitting GBX 340.89. About 576,397 shares traded hands or 11.82% up from the average. SSP Group PLC (LON:SSPG) has risen 15.76% since April 6, 2016 and is uptrending. It has outperformed by 14.54% the S&P500.
SSP Group PLC (LON:SSPG) Ratings Coverage
Out of 10 analysts covering SSP Group Plc (LON:SSPG), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. SSP Group Plc has been the topic of 49 analyst reports since July 24, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock with “Overweight” rating in Wednesday, June 29 report. The firm has “Buy” rating by Citigroup given on Friday, August 7. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, July 20. Citigroup maintained the stock with “Buy” rating in Friday, November 27 report. On Friday, October 9 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Equal Weight” rating given on Thursday, May 19 by Morgan Stanley. The stock of SSP Group PLC (LON:SSPG) earned “Overweight” rating by Barclays Capital on Friday, November 27. The firm earned “Add” rating on Wednesday, November 18 by Numis Securities. The stock has “Overweight” rating given by JP Morgan on Friday, January 29. JP Morgan maintained SSP Group PLC (LON:SSPG) on Friday, November 20 with “Overweight” rating.
Another recent and important SSP Group PLC (LON:SSPG) news was published by Uk.Finance.Yahoo.com which published an article titled: “SSP Group plc (SSPG.L)” on July 11, 2014.
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 has a market cap of 1.62 billion GBP. The Firm operates through four divisions: the UK, Continental Europe, North America and Rest of the World . It has a 27.37 P/E ratio. The UK segment includes activities in the United Kingdom and the Republic of Ireland.
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