SSE (LON:SSE) Given “Neutral” Rating at UBS Group

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

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

SSE Price Performance

Shares of LON SSE traded up GBX 13 during mid-day trading on Friday, reaching GBX 2,422. 18,604,365 shares of the company were exchanged, compared to its average volume of 24,531,781. SSE has a 52 week low of GBX 1,597 and a 52 week high of GBX 2,767.50. The company’s 50 day moving average price is GBX 2,588.95 and its 200 day moving average price is GBX 2,408.75. The stock has a market capitalization of £29.19 billion, a PE ratio of 27.87, a PEG ratio of 3.06 and a beta of 0.62. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00.

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.