SSP Group (LON:SSPG) Sets New 52-Week High - Should You Buy?

SSP Group plc (LON:SSPG - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 191.30 and last traded at GBX 191.20, with a volume of 4362479 shares. The stock had previously closed at GBX 185.60.Wall Street Analyst Weigh InA number of brokerages have issued reports on SSPG. JPMorgan Chase & Co. cut their price objective on shares of SSP Group from GBX 190 to GBX 170 and set a "neutral" rating for the company in a report on Friday. Shore Capital restated a "house stock" rating on shares of SSP Group in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of SSP Group from GBX 285 to GBX 262 and set a "buy" rating on the stock in a report on Thursday, September 25th. Citigroup reissued a "buy" rating and set a GBX 310 price objective (down previously from GBX 330) on shares of SSP Group in a report on Monday, October 13th. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 275 target price on shares of SSP Group in a report on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 229.50.Check Out Our Latest Report on SSPGSSP Group Stock Up 3.2%The business's 50 day simple moving average is GBX 157.43 and its 200 day simple moving average is GBX 163.03. The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The firm has a market capitalization of £1.52 billion, a PE ratio of -63.83, a PEG ratio of -0.77 and a beta of 1.88. SSP Group (LON:SSPG - Get Free Report) last announced its quarterly earnings results on Thursday, December 4th. The company reported GBX 11 EPS for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. On average, equities research analysts forecast that SSP Group plc will post 13.1004016 earnings per share for the current year. SSP Group announced that its board has authorized a stock buyback plan on Thursday, October 9th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued. Insider Buying and SellingIn other news, insider Karina Deacon acquired 18,000 shares of the company's stock in a transaction on Thursday, December 4th. The stock was bought at an average cost of GBX 171 per share, with a total value of £30,780. Also, insider Apurvi Sheth bought 4,000 shares of SSP Group stock in a transaction dated Friday, December 5th. The stock was purchased at an average cost of GBX 165 per share, for a total transaction of £6,600. Insiders purchased 227,675 shares of company stock valued at $38,884,478 over the last 90 days. 1.01% of the stock is currently owned by insiders. About SSP Group (Get Free Report)SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.Read MoreFive stocks we like better than SSP GroupWhat is a SEC Filing?Unassuming Evergy Energy: The AI Boost Your Income Portfolio NeedsGolden Cross Stocks: Pattern, Examples and Charts Pfizer Adds to Its Big Bet on Weight Loss Drugs3 Stocks to Consider Buying in OctoberServiceNow’s $7 Billion Gamble: Panic or Opportunity?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in SSP Group Right Now?Before you consider SSP Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SSP Group wasn't on the list.While SSP Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here