SSE (LON:SSE)‘s stock had its “sell” rating reissued by equities research analysts at Deutsche Bank in a research report issued on Friday. They presently have a GBX 1,250 ($16.95) price target on the stock. Deutsche Bank’s price target would suggest a potential downside of 5.37% from the company’s current price.
A number of other analysts have also weighed in on the stock. Credit Suisse Group reaffirmed a “restricted” rating on shares of SSE in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. lowered their price objective on shares of SSE from GBX 1,540 ($20.88) to GBX 1,450 ($19.66) and set a “neutral” rating for the company in a research note on Thursday, December 7th. Citigroup reaffirmed a “neutral” rating and issued a GBX 1,327 ($18.00) price objective on shares of SSE in a research note on Friday, December 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,550 ($21.02) price objective on shares of SSE in a research note on Tuesday, November 28th. Finally, Berenberg Bank lowered their price objective on shares of SSE from GBX 1,650 ($22.38) to GBX 1,600 ($21.70) and set a “buy” rating for the company in a research note on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 1,534.93 ($20.82).
Shares of SSE (SSE) opened at GBX 1,321 ($17.91) on Friday. The stock has a market cap of $13,400.00 and a price-to-earnings ratio of 978.52. SSE has a one year low of GBX 1,272.97 ($17.26) and a one year high of GBX 1,570 ($21.29).
SSE (LON:SSE) last issued its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). SSE had a net margin of 2.93% and a return on equity of 9.69%. The firm had revenue of GBX 1,218.41 billion during the quarter.
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.
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