SSE (LON:SSE) Price Target Raised to GBX 1,550

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SSE (LON:SSE) had its price target raised by Royal Bank of Canada from GBX 1,200 ($15.79) to GBX 1,550 ($20.39) in a report released on Wednesday, Digital Look reports. They currently have a sector performer rating on the stock.

Other equities analysts also recently issued reports about the company. Citigroup reiterated a neutral rating on shares of SSE in a research report on Wednesday, December 4th. Credit Suisse Group reiterated an outperform rating on shares of SSE in a research report on Monday, January 20th. Sanford C. Bernstein lifted their target price on SSE from GBX 1,450 ($19.07) to GBX 1,600 ($21.05) and gave the company an outperform rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 1,250 ($16.44) target price (up from GBX 1,100 ($14.47)) on shares of SSE in a research report on Thursday, November 14th. Finally, Goldman Sachs Group downgraded SSE to a neutral rating and lifted their target price for the company from GBX 1,369 ($18.01) to GBX 1,461 ($19.22) in a research report on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 1,470.07 ($19.34).

LON SSE opened at GBX 1,659 ($21.82) on Wednesday. The company has a market capitalization of $17.12 billion and a PE ratio of 13.50. The company has a debt-to-equity ratio of 208.36, a quick ratio of 0.37 and a current ratio of 0.82. The business’s fifty day moving average is GBX 1,502.98 and its 200 day moving average is GBX 1,310.17. SSE has a fifty-two week low of GBX 997.80 ($13.13) and a fifty-two week high of GBX 1,651.50 ($21.72).

In related news, insider Melanie Smith bought 901 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were bought at an average cost of GBX 1,506 ($19.81) per share, for a total transaction of £13,569.06 ($17,849.33).

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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