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SSP Group (LON:SSPG) Earns House Stock Rating from Shore Capital

Posted by ABMN Staff on Sep 19th, 2023

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SSP Group plc logoShore Capital restated their house stock rating on shares of SSP Group (LON:SSPG – Free Report) in a research report released on Monday morning, Marketbeat.com reports.

SSPG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of SSP Group from GBX 325 ($4.03) to GBX 340 ($4.21) and gave the company a buy rating in a research note on Wednesday, June 7th. Peel Hunt reiterated a buy rating and issued a GBX 350 ($4.34) target price on shares of SSP Group in a report on Tuesday, May 23rd. Finally, Barclays restated an overweight rating and set a GBX 290 ($3.59) price target on shares of SSP Group in a report on Thursday, June 15th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, SSP Group has a consensus rating of Buy and a consensus target price of GBX 316.43 ($3.92).

Added at 224..

Added

this is all I could find....

In the FTSE 250, SSP dropped 6.6%. The travel food and beverage outlet operator said trading momentum was strong, and expects an improved annual performance. However, it noted some foreign exchange headwinds, given the recent strength of sterling.

Compared to the basket cases in the stock market this stock should be a buy and hold. Not sure what the market is expecting but give me this stock for my bottom drawer.

Currys plc (the 'Company') announces that Tony DeNunzio, Senior Independent Non-Executive Director and Deputy Chair, purchased 200,000 ordinary shares of 0.1p each in the Company at a price of 49p per share on 19 September 2023.

So undervalued if the rate cycle has peaked. TW. seems unscatched and great income share

Noticed that - someone is keen ... hoping for a bid

Been a nice trader over the years (and income provider).

The Screwfix story plays well for future low outlay growth without the cannibalising the B&Q stores. Seems a great entry point around £2 / £2.10.

Sentiment will change when the price rises and folks will be clammering for stock. If Harl goes up 2p the rampers will be out in force again. Invest, hold or move on.

Only a matter of time

Just watched recorded.

Good to see Martin seemingly healthy and interesting interview. Not denying that as the largest sharehold he would be adding.

Steve was pretty red faced when he commented that MS had sold shares and Martin pointed out that he has not sold a single share and that is was another Martin who has sold for his own personal tax reasons.

Trying to recover, steve asked if he would be buying at these levels and interestingly it was Martin's turn to blush as it is so obvious that he wanted to say yes.

Will await the new director's declarations.

USA doing well - up 7.5%, we all know about how Europe and China are doing, but US India and China are going to be 3 of the top 5 ecomonies in the future and MS knows that means a higher SP.

Auson

I call it an investment and fundamentally nothing has changed long term. Yes £8 was overprice, but 71p - many baggers to come.

Awesome isn't it. (provided it has bottomed) - may go lower may go higher - may do both.

Truth is no one knows for sure, right today, wrong tomorrow, right the next day.

This will come good, the prospects are still valid even delayed.

GLA

HOLD4GOLD

DYOR and relax

Once the shake is over folks will look here and think why did I sell !

May not should .. at least be accurate.

I was giving the example of what happened at DLG on the day the LSE's saw the results preopen and feared a 30% crash in DLG when in fact the markets rallied strongly.

A buying opportunity at some point, a takeover MBO at these levels.

M.

Pulled the trigger

Buy when others fear

Maybe the DLG effect...may go up 20% despite market anxieties... hoping for a sharp drop to double up. GL all either way an staying invested.

Adding on weakness. May be near bottom today.

From the 5th sep

Canaccord Genuity initiated coverage of Trainline with a 'buy' rating and 371p price target as it argued it's potentially a 10-15% organic growth business and said the valuation is "very low valuation for such a high-growth and quality platform player".

It said Trainline is a high-growth platform business that it believes investors have largely forgotten about.

"The risks around macro factors, regulation and competition are limited, in our view.

"We believe Trainline is now about to see a re-acceleration in growth to a compound 10-15% per annum., with increasing margins and a potential cash return story developing."

The broker said that trading on a FY24E EV/EBITDA ratio of circa 11x and c.6% free cash flow yield, it expects a re-rating to occur.

"At the current valuation, the UK SaaS and International B2C businesses appear to be included for free," it said.