UBS Group Raises SSE (LON:SSE) Price Target to GBX 1,950

SSE (LON:SSEGet Rating) had its price target lifted by stock analysts at UBS Group from GBX 1,650 ($20.13) to GBX 1,950 ($23.79) in a research report issued on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 11.40% from the stock’s previous close.

A number of other equities analysts have also commented on SSE. Royal Bank of Canada upgraded shares of SSE to an “outperform” rating and boosted their price target for the company from GBX 1,825 ($22.27) to GBX 2,050 ($25.02) in a research report on Tuesday, November 22nd. Barclays reiterated an “overweight” rating and set a GBX 1,835 ($22.39) target price on shares of SSE in a research report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,900 ($23.18) target price on shares of SSE in a research report on Thursday, November 17th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 2,100 ($25.63) target price on shares of SSE in a research report on Wednesday, October 12th. Finally, Citigroup reiterated a “neutral” rating and set a GBX 1,664 ($20.31) target price on shares of SSE in a research report on Friday, November 18th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,931.13 ($23.56).

SSE Price Performance

LON:SSE opened at GBX 1,750.50 ($21.36) on Thursday. The firm has a market cap of £18.92 billion and a PE ratio of 1,786.22. SSE has a 12 month low of GBX 1,405 ($17.14) and a 12 month high of GBX 1,935.50 ($23.62). The company has a quick ratio of 0.50, a current ratio of 1.01 and a debt-to-equity ratio of 95.17. The company’s 50-day moving average price is GBX 1,697.69 and its two-hundred day moving average price is GBX 1,683.83.

About SSE

(Get Rating)

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.

Further Reading

Analyst Recommendations for SSE (LON:SSE)

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