Back to previous section

UBS downgrades SSP to ‘sell’, shares slide

SSP was under the cosh on Friday after a downgrade to ‘sell’ from ‘neutral’ at UBS, which said that mid-term consensus screens as stretched in light of upcoming headwinds.

  • SSP Group
  • 11 July 2025 09:13:58
SSP Group

Source: Sharecast

The bank said weak volumes and lower near-term capacity put consensus at risk.

It noted that the share price has risen by around 12% since the company's first-half results presentation in May, in part owing to the market's positive reaction to the recent pricing of the group's Indian IPO.

"However, UBS Evidence Lab data indicates a step down in airline capacity growth in 3Q, with industry data indicating a further significant reduction in capacity growth in 4Q," it said.

"With the slower pace of growth and combined with a stronger GBP we see downside risk to consensus estimates with our FY26 EBIT and EPS forecasts now 7% and 10% below consensus respectively.

"As we now see consensus estimates as unlikely to be achieved, we downgrade our rating to sell."

UBS lifted its price target on the stock to 170p from 165p.

At 0910 BST, the shares were down 6.9% at 174.95p.

FTSE 250 ( MCX )

Isin: N/A
Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: -18.46 ( -0.09 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.