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

SSE (LON:SSE)‘s stock had its “neutral” rating reiterated by UBS Group in a report released on Friday,London Stock Exchange reports. They presently have a GBX 2,350 price objective on the stock. UBS Group’s target price points to a potential downside of 2.97% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price objective on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price target on SSE from GBX 2,850 to GBX 2,900 and gave the company a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group lifted their price objective on SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,606.57.

SSE Trading Up 0.5%

SSE traded up GBX 13 during trading on Friday, hitting GBX 2,422. 18,604,365 shares of the stock traded hands, compared to its average volume of 24,531,781. The firm has a market capitalization of £29.19 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 3.06 and a beta of 0.62. The company has a debt-to-equity ratio of 81.00, a current ratio of 0.97 and a quick ratio of 0.50. The firm has a 50-day moving average of GBX 2,588.95 and a 200 day moving average of GBX 2,408.75. SSE has a 12-month low of GBX 1,597 and a 12-month high of GBX 2,767.50.

About SSE

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.