SSE (SSE) Rating Reiterated by Royal Bank of Canada

SSE (LON:SSE)‘s stock had its “sector perform” rating reissued by Royal Bank of Canada in a note issued to investors on Monday, December 17th. They currently have a GBX 1,250 ($16.33) price target on the stock. Royal Bank of Canada’s target price points to a potential upside of 9.89% from the stock’s previous close.

SSE has been the topic of several other reports. Citigroup restated a “neutral” rating and issued a GBX 1,203 ($15.72) price objective on shares of SSE in a report on Thursday, September 13th. Deutsche Bank restated a “sell” rating on shares of SSE in a report on Thursday, September 13th. JPMorgan Chase & Co. reduced their price objective on shares of SSE from GBX 1,230 ($16.07) to GBX 1,200 ($15.68) and set a “neutral” rating on the stock in a report on Tuesday, December 11th. HSBC lowered shares of SSE to a “hold” rating and reduced their price objective for the company from GBX 1,400 ($18.29) to GBX 1,300 ($16.99) in a report on Friday, September 14th. Finally, UBS Group restated a “buy” rating on shares of SSE in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,304.10 ($17.04).

LON SSE opened at GBX 1,137.50 ($14.86) on Monday. SSE has a 52 week low of GBX 1,176.50 ($15.37) and a 52 week high of GBX 1,554 ($20.31).

SSE (LON:SSE) last posted its quarterly earnings results on Wednesday, November 14th. The company reported GBX 19.60 ($0.26) EPS for the quarter, topping the consensus estimate of GBX 13.40 ($0.18) by GBX 6.20 ($0.08).

In related news, insider Peter Lynas purchased 3,000 shares of SSE stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of GBX 1,117 ($14.60) per share, for a total transaction of £33,510 ($43,786.75).

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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