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

UBS Group reissued their neutral rating on shares of SSE (LON:SSE) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 1,165 ($15.22) price target on the stock, down from their previous price target of GBX 1,190 ($15.55).

Several other research analysts have also recently issued reports on SSE. Sanford C. Bernstein dropped their price target on SSE from GBX 1,360 ($17.77) to GBX 1,305 ($17.05) and set an outperform rating on the stock in a report on Thursday, June 6th. Barclays reaffirmed an underweight rating on shares of SSE in a report on Wednesday, June 19th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,370 ($17.90) price target on shares of SSE in a report on Thursday, May 30th. Credit Suisse Group dropped their price target on 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. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of SSE in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 1,201.50 ($15.70).

LON SSE opened at GBX 1,183.93 ($15.47) on Tuesday. The stock has a market capitalization of $12.09 billion and a P/E ratio of 8.59. SSE has a 1 year low of GBX 997.80 ($13.04) and a 1 year high of GBX 1,263.50 ($16.51). The business’s fifty day moving average is GBX 1,117.63 and its two-hundred day moving average is GBX 1,135.16. The company has a debt-to-equity ratio of 167.40, a quick ratio of 0.41 and a current ratio of 1.03.

In other news, insider Crawford S. Gillies acquired 1,950 shares of the stock in a transaction on Wednesday, June 19th. The shares were purchased at an average cost of GBX 1,119 ($14.62) per share, for a total transaction of £21,820.50 ($28,512.35). Also, insider Martin Pibworth sold 10,946 shares of SSE stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of GBX 1,116 ($14.58), for a total transaction of £122,157.36 ($159,620.23).

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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