SSE (LON:SSE) Lowered to “Sell” Rating by Citigroup

SSE (LON:SSE) was downgraded by investment analysts at Citigroup to a “sell” rating in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a GBX 1,997 price objective on the stock. Citigroup’s price objective suggests a potential downside of 9.80% from the stock’s previous close.

SSE has been the topic of a number of other research reports. Royal Bank Of Canada upped their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a research note on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,230 target price on shares of SSE in a report on Thursday, October 23rd. Barclays reissued an “overweight” rating and set a GBX 2,500 price objective on shares of SSE in a research report on Thursday, October 16th. Finally, UBS Group reissued a “buy” rating and issued a GBX 2,200 price target on shares of SSE in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SSE presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,304.50.

SSE Stock Down 2.2%

SSE stock traded down GBX 49 during midday trading on Friday, reaching GBX 2,214. 235,112,484 shares of the company were exchanged, compared to its average volume of 14,283,893. The stock’s 50-day simple moving average is GBX 1,809.10 and its 200 day simple moving average is GBX 1,794.29. SSE has a 1-year low of GBX 222.70 and a 1-year high of GBX 2,307. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. The company has a market cap of £24.38 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last announced its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, equities analysts forecast that SSE will post 163.8865004 earnings per share for the current year.

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.