UBS Group Reaffirms Neutral Rating for SSE (LON:SSE)

UBS Group reissued their neutral rating on shares of SSE (LON:SSE) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,320 ($17.25) price target (down previously from GBX 1,370 ($17.90)) on shares of SSE in a research report on Thursday, September 19th. Deutsche Bank upped their price target on shares of SSE from GBX 1,150 ($15.03) to GBX 1,300 ($16.99) and gave the company a hold rating in a research report on Tuesday, October 8th. Barclays reaffirmed an equal weight rating on shares of SSE in a research report on Thursday. Credit Suisse Group cut their price target on shares of SSE from GBX 1,260 ($16.46) to GBX 1,250 ($16.33) and set an outperform rating on the stock in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of SSE from GBX 1,050 ($13.72) to GBX 1,100 ($14.37) and gave the company a neutral rating in a research report on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. SSE currently has a consensus rating of Hold and a consensus target price of GBX 1,281 ($16.74).

SSE traded up GBX 2.50 ($0.03) during trading on Thursday, reaching GBX 1,309 ($17.10). 2,411,932 shares of the stock traded hands, compared to its average volume of 4,270,000. The company has a quick ratio of 0.37, a current ratio of 0.82 and a debt-to-equity ratio of 208.36. The stock has a market capitalization of $13.55 billion and a PE ratio of 10.65. The stock’s 50-day moving average is GBX 1,279.34 and its 200 day moving average is GBX 1,162.51. SSE has a 12 month low of GBX 997.80 ($13.04) and a 12 month high of GBX 1,335 ($17.44).

The business also recently disclosed a dividend, which will be paid on Friday, March 13th. Stockholders of record on Thursday, January 16th will be issued a dividend of GBX 24 ($0.31) per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.82%. SSE’s dividend payout ratio is currently 0.75%.

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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Analyst Recommendations for SSE (LON:SSE)

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