The stock of SSP Group PLC (LON:SSPG) hit a new 52-week high and has GBX 396.93 target or 7.00% above today’s GBX 370.96 share price. The 7 months bullish chart indicates low risk for the GBX 1.76B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the GBX 396.93 price target is reached, the company will be worth GBX 123.20M 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 0.01% or GBX 0.04 on November 30, hitting GBX 370.96. About 4.32 million shares traded hands or 624.70% up from the average. SSP Group PLC (LON:SSPG) has risen 30.08% since May 3, 2016 and is uptrending. It has outperformed by 24.86% 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 56 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of SSP Group PLC (LON:SSPG) earned “Overweight” rating by JP Morgan on Friday, November 27. Panmure Gordon maintained SSP Group PLC (LON:SSPG) rating on Thursday, September 15. Panmure Gordon has “Buy” rating and GBX 380 price target. On Wednesday, February 10 the stock rating was maintained by JP Morgan with “Overweight”. The stock has “Overweight” rating given by JP Morgan on Wednesday, July 20. Barclays Capital maintained the shares of SSPG in a report on Wednesday, June 29 with “Equal Weight” rating. The rating was maintained by Numis Securities on Wednesday, November 18 with “Add”. The stock of SSP Group PLC (LON:SSPG) earned “Buy” rating by Numis Securities on Wednesday, November 23. As per Tuesday, July 19, the company rating was maintained by Shore Capital. The rating was maintained by JP Morgan with “Overweight” on Friday, October 21. JP Morgan maintained the shares of SSPG in a report on Monday, September 14 with “Overweight” rating.
More news for SSP Group PLC (LON:SSPG) were recently published by: Uk.Finance.Yahoo.com, which released: “SSP Group plc (SSPG.L)” on July 11, 2014. Fool.Co.Uk‘s article titled: “Is SSP Group PLC A Better Buy Than Tesco PLC And WH Smith Plc?” and published on August 07, 2015 is yet another important article.
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 1.76 billion GBP. The Firm operates through four divisions: the UK, Continental Europe, North America and Rest of the World . It has a 29.78 P/E ratio. The UK segment includes activities in the United Kingdom and the Republic of Ireland.
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