SSE (LON:SSE) Receives Neutral Rating from UBS Group

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UBS Group reaffirmed their neutral rating on shares of SSE (LON:SSE) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

Other research analysts have also recently issued reports about the stock. Barclays reiterated an equal weight rating on shares of SSE in a research note on Thursday, November 14th. Deutsche Bank boosted their target price on shares of SSE from GBX 1,150 ($15.13) to GBX 1,300 ($17.10) and gave the company a hold rating in a research note on Tuesday, October 8th. HSBC upgraded shares of SSE to a buy rating and boosted their target price for the company from GBX 1,270 ($16.71) to GBX 1,480 ($19.47) in a research note on Tuesday, October 22nd. Berenberg Bank cut shares of SSE to a hold rating and boosted their target price for the company from GBX 1,280 ($16.84) to GBX 1,350 ($17.76) in a research note on Thursday, November 7th. Finally, Citigroup reiterated a neutral rating on shares of SSE in a research note on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. SSE currently has a consensus rating of Hold and a consensus target price of GBX 1,292.54 ($17.00).

SSE stock traded down GBX 11.50 ($0.15) during trading on Wednesday, reaching GBX 1,309.50 ($17.23). The stock had a trading volume of 3,095,847 shares, compared to its average volume of 4,270,000. The company has a quick ratio of 0.37, a current ratio of 0.82 and a debt-to-equity ratio of 208.36. The company has a market capitalization of $13.55 billion and a price-to-earnings ratio of 10.66. SSE has a one year low of GBX 997.80 ($13.13) and a one year high of GBX 1,347.50 ($17.73). The company’s 50 day moving average is GBX 1,300.46 and its two-hundred day moving average is GBX 1,189.82.

The firm also recently declared a dividend, which will be paid on Friday, March 13th. Investors of record on Thursday, January 16th will be paid a dividend of GBX 24 ($0.32) per share. This represents a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, January 16th. SSE’s payout ratio is currently 0.75%.

SSE Company Profile

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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