SSE plc (LON:SSE – Get Rating) has received an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,909 ($23.07).
A number of research analysts recently weighed in on SSE shares. Morgan Stanley reaffirmed an "overweight" rating on shares of SSE in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,000 ($24.17) target price on shares of SSE in a research report on Thursday, May 26th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of SSE in a research report on Tuesday, June 28th. Berenberg Bank restated a "buy" rating and set a GBX 2,200 ($26.58) price objective on shares of SSE in a research note on Tuesday, June 28th. Finally, Barclays reaffirmed an "overweight" rating and issued a GBX 2,000 ($24.17) target price on shares of SSE in a report on Friday, May 27th.
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SSE Stock Up 1.1 %
SSE stock opened at GBX 1,683.50 ($20.34) on Friday. The company has a market cap of £17.97 billion and a P/E ratio of 698.55. SSE has a 1-year low of GBX 1,510 ($18.25) and a 1-year high of GBX 1,935.50 ($23.39). The company has a fifty day simple moving average of GBX 1,752.16 and a 200 day simple moving average of GBX 1,741.57. The company has a current ratio of 1.49, a quick ratio of 0.66 and a debt-to-equity ratio of 102.93.
About SSE
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SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.
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