SSE (SSE) Stock Rating Reaffirmed by UBS Group

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SSE (LON:SSE)‘s stock had its “neutral” rating reaffirmed by UBS Group in a research report issued to clients and investors on Monday, investing.thisismoney.co.uk reports.

SSE has been the topic of a number of other research reports. Deutsche Bank restated a “buy” rating and set a GBX 1,250 ($16.33) price target on shares of SSE in a report on Monday, November 12th. JPMorgan Chase & Co. cut their price target on shares of SSE from GBX 1,450 ($18.95) to GBX 1,230 ($16.07) and set a “neutral” rating on the stock in a report on Wednesday, November 14th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 1,250 ($16.33) price target on shares of SSE in a report on Monday, December 17th. Goldman Sachs Group restated a “buy” rating and set a GBX 1,298 ($16.96) price target on shares of SSE in a report on Tuesday, January 8th. Finally, Credit Suisse Group restated an “outperform” rating on shares of SSE in a report on Thursday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,301.60 ($17.01).

LON SSE opened at GBX 1,175.86 ($15.36) on Monday. SSE has a 12 month low of GBX 1,176.50 ($15.37) and a 12 month high of GBX 1,554 ($20.31).

SSE (LON:SSE) last released its earnings results on Wednesday, November 14th. The company reported GBX 19.60 ($0.26) EPS for the quarter, topping analysts’ consensus estimates of GBX 13.40 ($0.18) by GBX 6.20 ($0.08).

In other news, insider Peter Lynas purchased 3,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of GBX 1,117 ($14.60) per share, for a total transaction of £33,510 ($43,786.75).

About SSE

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.

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Analyst Recommendations for SSE (LON:SSE)

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