Deutsche Bank Reaffirms “Hold” Rating for SSE (SSE)

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Deutsche Bank reaffirmed their hold rating on shares of SSE (LON:SSE) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

SSE has been the subject of a number of other reports. Jefferies Financial Group cut their price objective on shares of SSE from GBX 1,500 ($19.60) to GBX 1,370 ($17.90) and set a buy rating for the company in a research report on Tuesday, April 9th. JPMorgan Chase & Co. restated a neutral rating on shares of SSE in a research report on Tuesday, February 12th. Royal Bank of Canada cut their price objective on shares of SSE from GBX 1,250 ($16.33) to GBX 1,225 ($16.01) and set a sector performer rating for the company in a research report on Wednesday, February 6th. UBS Group restated a neutral rating on shares of SSE in a research report on Monday, February 11th. Finally, Goldman Sachs Group raised their price objective on shares of SSE from GBX 1,298 ($16.96) to GBX 1,357 ($17.73) and gave the company a buy rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. SSE presently has a consensus rating of Hold and a consensus price target of GBX 1,246.67 ($16.29).

Shares of LON:SSE opened at GBX 1,041 ($13.60) on Tuesday. The company has a debt-to-equity ratio of 212.51, a current ratio of 0.92 and a quick ratio of 0.33. SSE has a twelve month low of GBX 1,026.50 ($13.41) and a twelve month high of GBX 1,449.50 ($18.94). The stock has a market cap of $10.74 billion and a price-to-earnings ratio of 45.86.

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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