SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

200.20p
   
  • Change Today:
      3.50p
  • 52 Week High: 281.20
  • 52 Week Low: 179.50
  • Currency: UK Pounds
  • Shares Issued: 798.07m
  • Volume: 928,254
  • Market Cap: £1,597.74m

Jefferies bumps up SSP price target

By Michele Maatouk

Date: Wednesday 07 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Jefferies upped its price target on shares of SSP on Wednesday to 340p from 325p.
The bank said it sees "material" upside to SSP. "Further acquisitions and increases to net new wins provide potential catalysts and continued growth should narrow the valuation gap from pre-Covid levels," it said.

Jefferies updated its estimates for the Midfield acquisition, higher non-controlling interests, and higher capex and revenue growth in FY25.

It said new pre IFRS-16 guidance could help align and stabilise consensus earnings per share estimates helping to remove uncertainty.

The bank's EBITDA estimates increased 5.6%, 0.5% and 3.3% for FY23-FY25E and it is now 1%, 3.4% and 5.2% ahead of consensus, respectively.

The new target price reflects a higher medium term growth rate (now 8% versus 6%), supported by higher capex spend, Jefferies said. It rates the stock at 'buy'.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SSP Group Market Data

Currency UK Pounds
Share Price 200.20p
Change Today 3.50p
% Change 1.78 %
52 Week High 281.20
52 Week Low 179.50
Volume 928,254
Shares Issued 798.07m
Market Cap £1,597.74m

SSP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.05% below the market average75.05% below the market average75.05% below the market average75.05% below the market average75.05% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
13.78% below the market average13.78% below the market average13.78% below the market average13.78% below the market average13.78% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income
78.72% below the market average78.72% below the market average78.72% below the market average78.72% below the market average78.72% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Growth
87.94% above the market average87.94% above the market average87.94% above the market average87.94% above the market average87.94% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 3
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SSP Group Dividends

  Latest Previous
  Final Final
Ex-Div 01-Feb-24 05-Mar-20
Paid 29-Feb-24 04-Jun-20
Amount 2.50p 6.00p

Trades for 29-Apr-2024

Time Volume / Share Price
16:35 463,734 @ 200.20p
16:35 3,519 @ 200.20p
16:35 1,018 @ 200.20p
16:35 6,092 @ 200.20p
16:35 803 @ 200.20p

SSP Group Key Personnel

Chair Mike Clasper
CEO Patrick Coveney

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