Deutsche Bank Reaffirms Hold Rating for SSE (LON:SSE)
Deutsche Bank reiterated their hold rating on shares of SSE (LON:SSE) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the company. HSBC assumed coverage on Canada Goose in a report on Monday, May 20th. They issued a buy rating and a $48.32 price objective on the stock. UBS Group lowered Ecolab from a buy rating to a neutral rating and raised their target price for the stock from $180.00 to $186.00 in a report on Thursday, April 18th. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the stock a hold rating in a report on Wednesday, April 17th. Sanford C. Bernstein set a €90.00 ($104.65) target price on Renault and gave the stock a neutral rating in a report on Thursday, June 6th. Finally, Credit Suisse Group set a GBX 6,350 ($82.97) target price on AstraZeneca and gave the stock a buy rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,220.79 ($15.95).
Shares of SSE stock opened at GBX 1,144 ($14.95) on Friday. The company has a 50-day moving average price of GBX 1,110.59. The company has a quick ratio of 0.41, a current ratio of 1.03 and a debt-to-equity ratio of 167.40. The firm has a market capitalization of $11.80 billion and a price-to-earnings ratio of 8.30. SSE has a fifty-two week low of GBX 997.80 ($13.04) and a fifty-two week high of GBX 1,401.50 ($18.31).
In other SSE news, insider Crawford S. Gillies acquired 1,950 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were bought at an average cost of GBX 1,119 ($14.62) per share, with a total value of £21,820.50 ($28,512.35). Also, insider Martin Pibworth sold 10,946 shares of the firm’s stock in a transaction that occurred 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).
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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