Zacks Investment Research Upgrades SSE (SSEZY) to “Buy”

SSE (OTCMKTS:SSEZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $20.00 price target on the technology company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.89% from the stock’s previous close.

According to Zacks, “SSE PLC is engaged in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. The Company also stores and distributes natural gas and provides other energy-related services. It operates a telecommunications network that offers bandwidth and capacity to companies, public sector organizations, Internet service providers, and others. SSE PLC, formerly known as Scottish and Southern Energy plc, is based in Perth, the United Kingdom. “

Separately, Jefferies Group upgraded shares of SSE from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st.

SSE (OTCMKTS:SSEZY) traded up $0.22 on Thursday, hitting $18.20. 19,956 shares of the stock traded hands, compared to its average volume of 188,828. SSE has a 52 week low of $17.33 and a 52 week high of $20.52. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.38.

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SSE Company Profile

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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