Jefferies Financial Group reaffirmed their buy rating on shares of SSE (LON:SSE) in a report published on Monday morning, Digital Look reports. The firm currently has a GBX 1,700 ($22.36) price objective on the stock.
SSE has been the topic of a number of other research reports. UBS Group reaffirmed a neutral rating and issued a GBX 1,400 ($18.42) target price on shares of SSE in a research note on Monday, February 3rd. Deutsche Bank upped their target price on SSE from GBX 1,400 ($18.42) to GBX 1,500 ($19.73) and gave the company a hold rating in a research note on Monday, February 3rd. Citigroup reaffirmed a neutral rating on shares of SSE in a research note on Wednesday, December 4th. BNP Paribas upped their target price on SSE from GBX 1,400 ($18.42) to GBX 1,600 ($21.05) and gave the company an outperform rating in a research note on Friday, January 10th. Finally, Berenberg Bank lowered SSE to a hold rating and upped their target price for the company from GBX 1,280 ($16.84) to GBX 1,350 ($17.76) in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 1,438.54 ($18.92).
SSE opened at GBX 1,634 ($21.49) on Monday. The stock has a market cap of $16.54 billion and a P/E ratio of 13.30. The company has a debt-to-equity ratio of 208.36, a current ratio of 0.82 and a quick ratio of 0.37. The stock’s 50 day simple moving average is GBX 1,488.96 and its 200 day simple moving average is GBX 1,299.50. SSE has a 1-year low of GBX 997.80 ($13.13) and a 1-year high of GBX 1,522.50 ($20.03).
In other news, insider Melanie Smith bought 901 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were acquired at an average cost of GBX 1,506 ($19.81) per share, with a total value of £13,569.06 ($17,849.33).
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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