UBS Upgrades SSP Group to 'Buy', Raises PT to 245p on Cash Flow Turnaround
UBS Upgrades SSP Group to 'Buy', Raises PT to 245p on Cash Flow Turnaround
The UK-based support services provider SSP Group has been upgraded to 'buy' by UBS Global Research, with a price target of 245p. This upgrade comes after the company reported a significant cash flow turnaround in its latest earnings report.
According to UBS, the upgrade is based on the company's improved cash flow generation, which is expected to continue in the coming quarters. The research firm also noted that SSP Group's valuation is attractive compared to its peers.
The upgrade is a positive development for SSP Group, which has been struggling in recent years. The company has been working to improve its financial performance, and the upgrade by UBS is a vote of confidence in its efforts.
About SSP Group
SSP Group is a UK-based support services provider that operates in the food and beverage, retail, and travel sectors. The company has a significant presence in the UK and internationally, with a portfolio of over 2,500 locations.
UBS Upgrade
UBS Global Research upgraded SSP Group to 'buy' from 'neutral' on February 17, 2026. The research firm raised its price target for the company to 245p from 220p.
Cash Flow Turnaround
SSP Group reported a significant cash flow turnaround in its latest earnings report, with the company generating £20 million in cash from operations in the first half of 2026. This is a significant improvement from the £10 million generated in the same period last year.
Valuation
UBS noted that SSP Group's valuation is attractive compared to its peers. The company's price-to-earnings ratio is lower than the industry average, making it an attractive investment opportunity.
Conclusion
The upgrade by UBS is a positive development for SSP Group, which has been struggling in recent years. The company's improved cash flow generation and attractive valuation make it an attractive investment opportunity.
Sources
[1] Top UK Telecom Stocks: UBS Global Research Rankings Reveal Market Leaders
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[10] UBS upgrades SSP Group to “buy,” raises PT to 245p on cash flow turnaround