SSE (LON:SSE) Receives “Buy” Rating from UBS Group

SSE (LON:SSE)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a report released on Friday, Marketbeat.com reports. They currently have a GBX 2,200 target price on the stock. UBS Group’s price objective indicates a potential upside of 17.74% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Barclays reissued an “overweight” rating and issued a GBX 2,500 price target on shares of SSE in a research note on Thursday, October 16th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research report on Tuesday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,230 price target on shares of SSE in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,338.75.

SSE Price Performance

Shares of SSE traded down GBX 33.50 during trading hours on Friday, hitting GBX 1,868.50. 2,255,105 shares of the company were exchanged, compared to its average volume of 13,401,779. The firm has a fifty day simple moving average of GBX 1,769.57 and a 200-day simple moving average of GBX 1,779.27. The company has a market capitalization of £20.58 billion, a PE ratio of 17.28, a PEG ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. SSE has a one year low of GBX 1,446.89 and a one year high of GBX 1,980.52.

SSE Company Profile

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.