A Reversal for SSP Group PLC Is Not Near. The Stock Reaches 52-Week High Today

 A Reversal for SSP Group PLC Is Not Near. The Stock Reaches 52 Week High Today

The stock of SSP Group PLC (LON:SSPG) hit a new 52-week high and has GBX 444.04 target or 35.00% above today’s GBX 328.92 share price. The 6 months bullish chart indicates low risk for the GBX 1.58B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 444.04 price target is reached, the company will be worth GBX 553.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 3.54% or GBX 12.08 on November 11, hitting GBX 328.92. About 667,558 shares traded hands or 16.99% up from the average. SSP Group PLC (LON:SSPG) has risen 10.95% since April 14, 2016 and is uptrending. It has outperformed by 4.80% 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 51 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 9 by Canaccord Genuity. Citigroup maintained SSP Group PLC (LON:SSPG) rating on Thursday, May 19. Citigroup has “Buy” rating and GBX 370 price target. The rating was maintained by Barclays Capital on Friday, January 22 with “Equal Weight”. The firm has “Buy” rating given on Monday, July 27 by Citigroup. The company was maintained on Thursday, November 26 by Canaccord Genuity. On Wednesday, February 10 the stock rating was maintained by JP Morgan with “Overweight”. The rating was maintained by JP Morgan on Friday, November 20 with “Overweight”. The stock of SSP Group PLC (LON:SSPG) earned “Add” rating by Numis Securities on Wednesday, November 18. As per Tuesday, July 19, the company rating was maintained by Shore Capital. Canaccord Genuity maintained the shares of SSPG in a report on Wednesday, May 18 with “Hold” 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 1.58 billion GBP. The Firm operates through four divisions: the UK, Continental Europe, North America and Rest of the World . It has a 26.41 P/E ratio. The UK segment includes activities in the United Kingdom and the Republic of Ireland.

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