SSE (LON:SSE) Earns “Buy” Rating from UBS Group

SSE (LON:SSE)‘s stock had its “buy” rating restated by analysts at UBS Group in a note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 2,200 price objective on the stock. UBS Group’s price objective suggests a potential upside of 17.74% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,425 price target on shares of SSE in a report on Tuesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,230 price objective on shares of SSE in a report on Thursday, October 23rd. Finally, Barclays reiterated an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a research report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SSE currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,338.75.

SSE Stock Performance

SSE stock traded down GBX 33.50 during midday trading on Friday, reaching GBX 1,868.50. The company had a trading volume of 2,255,105 shares, compared to its average volume of 13,401,779. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The stock has a 50 day moving average price of GBX 1,769.57 and a 200 day moving average price of GBX 1,779.27. SSE has a fifty-two week low of GBX 1,446.89 and a fifty-two week high of GBX 1,980.52. The firm has a market capitalization of £20.58 billion, a PE ratio of 17.28, a P/E/G ratio of 3.06 and a beta of 0.56.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.