SSE (SSE) Raised to “Buy” at Deutsche Bank

Deutsche Bank upgraded shares of SSE (LON:SSE) to a buy rating in a research note issued to investors on Wednesday morning. They currently have GBX 1,250 ($16.28) target price on the stock, up from their prior target price of GBX 1,200 ($15.63).

Several other research firms have also weighed in on SSE. Royal Bank of Canada lowered shares of SSE to a sector performer rating and cut their target price for the company from GBX 1,550 ($20.19) to GBX 1,350 ($17.58) in a report on Wednesday, June 20th. Citigroup reaffirmed a neutral rating and set a GBX 1,203 ($15.67) target price on shares of SSE in a report on Thursday, September 13th. Jefferies Financial Group initiated coverage on shares of SSE in a report on Tuesday, June 12th. They set a buy rating and a GBX 1,500 ($19.54) target price for the company. HSBC lowered shares of SSE to a hold rating and cut their target price for the company from GBX 1,400 ($18.24) to GBX 1,300 ($16.93) in a report on Friday, September 14th. Finally, Deutsche Bank reaffirmed a sell rating on shares of SSE in a report on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 1,424.42 ($18.55).

LON:SSE opened at GBX 1,125.18 ($14.66) on Wednesday. SSE has a 1-year low of GBX 1,176.50 ($15.32) and a 1-year high of GBX 1,554 ($20.24).

In related news, insider Gregor Alexander sold 10,215 shares of the business’s stock in a transaction on Thursday, June 28th. The shares were sold at an average price of GBX 1,353 ($17.62), for a total value of £138,208.95 ($180,029.89).

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.

Read More: What is the Ex-Dividend Date in Investing?

Analyst Recommendations for SSE (LON:SSE)

Receive News & Ratings for SSE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE and related companies with's FREE daily email newsletter.

Leave a Reply