SSP Group plc is a British multinational foodservice company headquartered in London, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded by Samworth Brothers in 1947 as a manufacturer of pies and pasties.
SSP Group PLC is a British travel company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The company was founded in 1971 by Stephen Sealey and Michael Davies.
It was first listed on the London Stock Exchange in 1986.
The company operates over 35,000 sites in 30 countries. In 2016 it acquired Mövenpick Holding AG’s travel retail business for £223 million.
Ssp Group Share Price Forecast
SSP Group is a leading operator of food and beverage outlets in travel locations worldwide. The company operates over 35,000 outlets in airports, railway stations, motorway service areas and other locations. SSP Group has a strong portfolio of well-known international, regional and local brands.
The company is headquartered in the United Kingdom and employs around 38,000 people.
The current share price for SSP Group is 713p (as of 16/03/2018). The 52 week high for SSP Group shares is 815p, with the 52 week low being 565p.
Based on the current share price, the market capitalisation for SSP Group is £2.85bn.
Looking at the last twelve months of trading, the highest share price was reached in June 2017 at 805p, with the lowest point coming in December 2017 at 602p. In terms of volume traded, March 2018 was the busiest month over the last year with almost 27 million shares traded; this compares to January 2018 which saw just under 12 million shares traded – indicating an increase of 125% month-on-month in terms of activity levels.
So what does this all mean for investors? Well currently analysts have a ‘hold’ rating on SSP Group shares with a 12 month average target price set at 720p – just marginally above where they are currently trading. However it’s worth noting that back in December 2017 Goldman Sachs upgraded their rating on SSP Group from ‘sell’ to ‘neutral’ following what they described as an “attractive entry point” into the stock due to an overly negative view on UK air passenger growth post-Brexit which had been priced into the share price by investors at that time.
So there are some positive views out there amongst analysts despite generally remaining cautious on near-term prospects for SSP Group given Brexit uncertainty continues to hang over both UK businesses and consumers alike.
Credit: www.forbes.com
What is the Ssp Group Share Price
The SSP Group share price is currently trading at around £2.50 per share. The company is a leading provider of food and beverage services to the travel industry, operating in over 30 countries across five continents. Founded in 1947, the company has a long history of providing high quality products and services to its customers.
In recent years, the company has been expanding its operations into new markets and regions, which has helped to drive growth and increase shareholder value.
How Has the Ssp Group Share Price Performed in Recent Years
The SSP Group is a food and beverage company that operates in airports, railway stations, motorway service stations and other locations. The company was founded in 1947 and is headquartered in the United Kingdom.
The SSP Group’s share price has been on a steady decline since 2015.
In December 2015, the shares were trading at £1.70 (GBP) per share. As of September 2019, the shares are now trading at just £0.42 (GBP) per share; a decrease of 75% over the past four years. The company has been hit hard by falling passenger numbers due to terrorist attacks and geopolitical uncertainty.
In addition, the UK’s vote to leave the European Union has also had an impact on the company, as many of its customers are from Europe.
Looking forward, it is difficult to say how the SSP Group’s share price will perform. However, with passenger numbers expected to rebound in 2020 and Brexit negotiations still ongoing, there could be some positive news for the company in the near future.
What Factors Could Affect the Ssp Group Share Price in Future
SSP Group is a foodservice company that operates in 35 countries. It was founded in 1947 and is headquartered in the United Kingdom. The company has over 30,000 employees.
The SSP Group share price could be affected by various factors in future. These include the global economic environment, competition from other foodservice companies, changes in consumer spending patterns, developments within the travel industry (which is where many of SSP’s outlets are located), and political/geopolitical risks.
Looking at the current global economic environment, it is clear that there are risks which could impact on the SSP Group share price.
For example, if there is a prolonged period of weak economic growth, this could lead to reduced consumer spending and hence lower revenues for SSP. In addition, if interest rates rise sharply this could also hit consumers’ ability to spend, as well as increasing costs for the company (if it has debt). However, it should be noted that SSP has a diversified business model with operations across many different countries, so it may be less impacted by specific regional economic problems than some of its competitors.
Competition is always a risk for any company, and this is no different for SSP. There are numerous other firms offering foodservices around the world, so if consumers switch to alternative providers then this will obviously have an adverse effect on SSP’s performance. In terms of specific competitors, US-based Aramark and Compass Group are two large players in the sector which could pose a threat to SSP’s market share going forward.
Another key factor which could affect the SSP Group share price is changes in consumer spending patterns. If people start eating out less often or switch to cheaper options when they do eat out then this will have a negative impact on sales at SSP outlets. This looks like a particular risk at present given rising concerns about personal finances and Brexit-related uncertainty affecting household budgets.
Why I’m buying more shares in SSP Group – trading 212 EP3 S1
Conclusion
The SSP Group’s share price has been on a roller coaster ride over the past year, and investors are wondering where it will go next. The company is a leading provider of online advertising and marketing services, and its share price reflects the volatile nature of the industry. The stock is down 30% from its 52-week high, but it is still up 80% from its 52-week low.
analysts are divided on the stock, with some bullish on the company’s long-term prospects and others concerned about near-term headwinds.
