SSE’s (SSE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of SSE (LON:SSE) in a research note published on Thursday, September 19th, Digital Look reports. Jefferies Financial Group currently has a GBX 1,320 ($17.25) price objective on the stock, down from their prior price objective of GBX 1,370 ($17.90).

SSE has been the subject of a number of other reports. Deutsche Bank reiterated a hold rating on shares of SSE in a research report on Friday, July 12th. Goldman Sachs Group lowered their target price on SSE from GBX 1,357 ($17.73) to GBX 1,293 ($16.90) and set a buy rating for the company in a research report on Thursday, June 6th. Macquarie restated a neutral rating and issued a GBX 1,140 ($14.90) price target on shares of SSE in a research report on Monday, June 17th. Sanford C. Bernstein lowered their price target on SSE from GBX 1,360 ($17.77) to GBX 1,305 ($17.05) and set an outperform rating for the company in a research report on Thursday, June 6th. Finally, Credit Suisse Group lowered their price target on SSE from GBX 1,260 ($16.46) to GBX 1,250 ($16.33) and set an outperform rating for the company in a research report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. SSE presently has a consensus rating of Hold and an average price target of GBX 1,236.50 ($16.16).

SSE traded up GBX 63.50 ($0.83) during trading on Thursday, reaching GBX 1,309 ($17.10). 7,632,880 shares of the company traded hands, compared to its average volume of 4,270,000. 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 company has a market cap of $13.62 billion and a P/E ratio of 9.49. SSE has a 12-month low of GBX 997.80 ($13.04) and a 12-month high of GBX 1,265 ($16.53). The firm has a fifty day simple moving average of GBX 1,194.76 and a 200 day simple moving average of GBX 1,139.33.

About SSE

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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