SSE (LON:SSE) Receives Neutral Rating from UBS Group
UBS Group reaffirmed their neutral rating on shares of SSE (LON:SSE) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also weighed in on SSE. Sanford C. Bernstein cut their target price on shares of 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. Deutsche Bank reiterated a hold rating on shares of SSE in a report on Friday, July 12th. JPMorgan Chase & Co. reiterated a neutral rating on shares of SSE in a report on Tuesday, August 13th. Macquarie restated a neutral rating and set a GBX 1,140 ($14.90) price objective on shares of SSE in a report on Monday, June 17th. Finally, Jefferies Financial Group restated a buy rating and set a GBX 1,370 ($17.90) price objective on shares of SSE in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 1,200.85 ($15.69).
SSE opened at GBX 1,113 ($14.54) on Friday. The firm’s fifty day moving average is GBX 1,124.02 and its two-hundred day moving average is GBX 1,140.81. The company has a debt-to-equity ratio of 167.40, a quick ratio of 0.41 and a current ratio of 1.03. The firm has a market cap of $11.42 billion and a PE ratio of 8.07. SSE has a twelve month low of GBX 997.80 ($13.04) and a twelve month high of GBX 1,287 ($16.82).
In related news, insider Martin Pibworth sold 10,946 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of GBX 1,116 ($14.58), for a total value of £122,157.36 ($159,620.23). Also, insider Crawford S. Gillies bought 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The stock was acquired at an average cost of GBX 1,119 ($14.62) per share, with a total value of £21,820.50 ($28,512.35).
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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