SSE (LON:SSE)‘s stock had its “neutral” rating reissued by equities researchers at UBS Group in a report released on Tuesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 1,165 ($15.22) price target on the stock, down from their previous price target of GBX 1,190 ($15.55). UBS Group’s target price points to a potential upside of 1.35% from the stock’s current price.
SSE has been the subject of several other research reports. Macquarie reiterated a “neutral” rating and issued a GBX 1,140 ($14.90) target price on shares of SSE in a research note on Monday, June 17th. Goldman Sachs Group reduced their price objective on shares of SSE from GBX 1,357 ($17.73) to GBX 1,293 ($16.90) and set a “buy” rating for the company in a research note on Thursday, June 6th. Credit Suisse Group reduced their price objective on shares of SSE from GBX 1,260 ($16.46) to GBX 1,250 ($16.33) and set an “outperform” rating for the company in a research note on Monday, July 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,370 ($17.90) price objective on shares of SSE in a research note on Thursday, May 30th. Finally, Barclays reaffirmed an “underweight” rating on shares of SSE in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,201.62 ($15.70).
SSE opened at GBX 1,149.50 ($15.02) on Tuesday. The company has a market capitalization of $11.76 billion and a price-to-earnings ratio of 8.34. The company has a quick ratio of 0.41, a current ratio of 1.03 and a debt-to-equity ratio of 167.40. The firm has a 50-day moving average price of GBX 1,117.26 and a 200-day moving average price of GBX 1,135.16. SSE has a twelve month low of GBX 997.80 ($13.04) and a twelve month high of GBX 1,263.50 ($16.51).
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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