SSE (LON:SSE) Receives Neutral Rating from UBS Group

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SSE (LON:SSE)‘s stock had its “neutral” rating restated by stock analysts at UBS Group in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

SSE has been the subject of a number of other research reports. Barclays restated an “underweight” rating on shares of SSE in a report on Wednesday, June 19th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SSE in a report on Tuesday. Morgan Stanley reiterated an “equal weight” rating on shares of SSE in a report on Monday, July 15th. HSBC reiterated a “hold” rating and set a GBX 1,150 ($15.03) price target (down previously from GBX 1,250 ($16.33)) on shares of SSE in a report on Monday, May 20th. Finally, Deutsche Bank reiterated a “hold” rating on shares of SSE in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,200.85 ($15.69).

Shares of SSE stock opened at GBX 1,121.13 ($14.65) on Friday. 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 stock has a market capitalization of $11.33 billion and a P/E ratio of 8.13. The company has a 50 day moving average price of GBX 1,124.95 and a 200 day moving average price of GBX 1,141.47. SSE has a fifty-two week low of GBX 997.80 ($13.04) and a fifty-two week high of GBX 1,287 ($16.82).

In other news, insider Martin Pibworth sold 10,946 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of GBX 1,116 ($14.58), for a total value of £122,157.36 ($159,620.23). Also, insider Crawford S. Gillies bought 1,950 shares of the stock in a transaction dated Wednesday, June 19th. The stock was bought at an average price of GBX 1,119 ($14.62) per share, with a total value of £21,820.50 ($28,512.35).

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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