SSE (SSE) Stock Rating Reaffirmed by Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of SSE (LON:SSE) in a research note issued to investors on Friday, March 29th, ThisIsMoney.Co.Uk reports. They currently have a GBX 1,260 ($16.46) price target on the stock, up from their previous price target of GBX 1,225 ($16.01).

A number of other research firms also recently issued reports on SSE. JPMorgan Chase & Co. restated a neutral rating on shares of SSE in a research report on Tuesday, February 12th. Royal Bank of Canada lowered their price target on 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 note on Wednesday, February 6th. HSBC reaffirmed a hold rating and issued a GBX 1,250 ($16.33) price target (down from GBX 1,300 ($16.99)) on shares of SSE in a research note on Friday, January 11th. UBS Group reaffirmed a neutral rating on shares of SSE in a research note on Monday, February 11th. Finally, Goldman Sachs Group reaffirmed a buy rating and issued a GBX 1,298 ($16.96) price target on shares of SSE in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. SSE has an average rating of Hold and a consensus target price of GBX 1,269.09 ($16.58).

Shares of LON:SSE traded down GBX 3 ($0.04) on Friday, hitting GBX 1,124 ($14.69). The stock had a trading volume of 2,016,991 shares, compared to its average volume of 4,270,000. 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 company has a debt-to-equity ratio of 212.51, a quick ratio of 0.33 and a current ratio of 0.92. The company has a market capitalization of $11.63 billion and a PE ratio of 49.52.

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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