SSE (LON:SSE) Price Target Raised to GBX 1,300

SSE (LON:SSE) had its target price hoisted by Deutsche Bank from GBX 1,150 ($15.03) to GBX 1,300 ($16.99) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports. The firm currently has a hold rating on the stock.

Several other equities analysts also recently issued reports on the stock. Credit Suisse Group cut their price objective on shares of SSE from GBX 1,260 ($16.46) to GBX 1,250 ($16.33) and set an outperform rating on the stock in a report on Monday, July 22nd. Morgan Stanley upgraded shares of SSE to an overweight rating and increased their price target for the stock from GBX 1,255 ($16.40) to GBX 1,290 ($16.86) in a report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price target on shares of SSE from GBX 1,050 ($13.72) to GBX 1,100 ($14.37) and gave the stock a neutral rating in a report on Monday, September 16th. UBS Group reiterated a neutral rating on shares of SSE in a report on Friday, September 27th. Finally, Jefferies Financial Group reiterated a buy rating and issued a GBX 1,320 ($17.25) price target (down previously from GBX 1,370 ($17.90)) on shares of SSE in a report on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,236.50 ($16.16).

SSE opened at GBX 1,309 ($17.10) on Tuesday. SSE has a 52-week low of GBX 997.80 ($13.04) and a 52-week high of GBX 1,265 ($16.53). 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 company has a market cap of $13.59 billion and a P/E ratio of 9.49. The firm’s 50-day moving average price is GBX 1,194.76 and its 200-day moving average price is GBX 1,139.33.

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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